Rite Aid has acquired 12 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.
Rite Aid’s largest acquisition to date was in 1996, when it acquired Thrifty PayLess for $2.3B. It’s largest disclosed sale occurred in 2000, when it sold PCS Health Systems to JLL Partners for $1.0B. Rite Aid has acquired in 11 different US states. The Company’s most targeted sectors include retail (55%) and healthcare services (28%).
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30 Hunter Lane,
Camp Hill,
Pennsylvania 17011
United States,
(717) 975-3710
www.riteaid.com
Rite Aid Corp. is a drugstore chain with approximately 4,600 stores in 31 states and the District of Columbia. The Company was formed in 1927 and is based in Camp Hill, Pennsylvania.
| Year | ≤ '14 | '15 | '16 | '17 | '18 | '19 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (0.4/yr) | # | 9 | 1 | - | - | - | 1 | 11 |
| vol | $3.9B | $2.0B | $5.9B | |||||
| Sell (0.0/yr) | # | 1 | - | - | - | - | - | 1 |
| vol | $1.0B | $1.0B | ||||||
| 12 | ||||||||
| Financial | Deals |
|---|---|
|
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|
1 |
| Legal | Deals |
|---|---|
|
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|
1 |
| Buy | # | TOTAL |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| TOTAL | Sign-up to View | |
| Largest |
Thrifty PayLess, Inc. $2.3B (1996-10-14) |
|
| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
| Largest |
PCS Health Systems Inc. $1.0B (2000-07-12) |
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When analyzing the retail sector as a whole, according to Mergr, in the last 3 years, there are 166 retail companies that have made at least 1 acquisition, 5 have acquired at least 5 companies, and 1 has acquired more than 10 companies.
The most prolific strategic retail acquirer over the past 3 years is Camping World Holdings, with 13 acquisitions. The most prolific private equity acquirer in the retail sector over the past 3 years is L Catterton Partners with 4 platform acquisitions.
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