M&A Deal Summary

Lowe s Acquires Orchard Supply Hardware Stores

On August 20, 2013, Lowe s acquired retailer Orchard Supply Hardware Stores for 205M USD

Acquisition Highlights
  • This is Lowe s’ 3rd transaction in the Retail sector.
  • This is Lowe s’ 3rd largest (disclosed) transaction.
  • This is Lowe s’ 3rd transaction in the United States.
  • This is Lowe s’ 1st transaction in California.

M&A Deal Summary
Date 2013-08-20
Target Orchard Supply Hardware Stores
Sector Retail
Buyer(s) Lowe s
Deal Type Special Situations/Distressed
Deal Value 205M USD

Target

Orchard Supply Hardware Stores

San Jose, California, United States
website
Orchard Supply Hardware Stores Corp., a chain of high volume, high service retail hardware stores located in California.

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Buyer(S) 1

Buyer

Lowe s

Mooresville, North Carolina, United States

website

Category Company
Founded 1921
Sector Retail
Revenue 96.3B USD (2022)
DESCRIPTION
Entrance to Lowe's Companies' corporate headquarters in Mooresville, North Carolina.
Entrance to Lowe's Companies' corporate headquarters in Mooresville, North Carolina.

Lowe's is a home improvement retailer with more than 1,800 locations across the US, Canada, and Mexico. Lowe's was formed in 1921 and is based in Mooresville, North Carolina.

DEAL STATS #
Overall 4 of 8
Sector (Retail) 3 of 4
Type (Special Situations/Distressed) 1 of 1
State (California) 1 of 2
Country (United States) 3 of 6
Year (2013) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-29 Allied Trade Group

Kirkland, Washington, United States

Allied Trade Group, Inc., a online retailer of home improvement products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 RONA

Boucherville, Quebec, Canada

RONA is a retailer and distributor of hardware, building materials and home renovation products. RONA was founded in 1939 and is based in Boucherville, Quebec.

Buy CA$3.2B
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