Target - M&A Summary and Business Overview

RetailCompany

Target M&A Summary

Target has acquired 10 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 5 assets.

Target’s largest acquisition to date was in 1990, when it acquired Marshall Field for $1.0B. It’s largest disclosed sale occurred in 2004, when it sold Marshall Field to May Department Stores Company for $3.2B. Target has acquired in 5 different US states. The Company’s most targeted sectors include e-commerce (34%) and internet software and services (23%).

Target Business Overview

Where is Target headquartered?

Target is headquartered in Minneapolis, Minnesota.

What is Target’s revenue?

Target disclosed revenue of 109,120M USD for 2023 and 106,005M USD for 2022.

How many employees does Target have?

Target has 450,000 employees.

What sector is Target in?

Target is a retail company.

When was Target founded?

Target was founded in 1902.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity9
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

Target

Target Corp.

1000 Nicollet Mall,
Minneapolis, Minnesota 55403
United States,
(612) 304-6073
www.targetcorp.com


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 1 - - - - 9
vol $1.6B $1.6B
Sell (0.0/yr) # 5 - - - - - 5
vol $6.8B $6.8B
  14

Most Recent M&A

Company Date Value Type
Deliv, Inc. 2020-05-07 - Add-on Acquisition
Menlo Park, California · www.deliv.co
Shipt, Inc. 2017-12-13 550M USD Add-on Acquisition
Birmingham, Alabama · www.shipt.com
Grand Junction Inc. 2017-08-14 - Add-on Acquisition
San Francisco, California · www.grandjunctioninc.com
Target Corp. - Pharmacy Business 2015-06-15 1.9B USD Divestiture
Minneapolis, Minnesota
Target Commercial Interiors 2015-05-14 - Divestiture
Minneapolis, Minnesota
PoweredAnalytics, Inc. 2014-11-12 - Add-on Acquisition
Pittsburgh, Pennsylvania · www.poweredanalytics.com
DermStore Beauty Group 2013-08-06 - Add-on Acquisition
Manhattan Beach, California · www.dsbeautygroup.com
Cooking.com, Inc. 2013-03-14 - Add-on Acquisition
Santa Monica, California · www.cooking.com
Pikes Peak Direct Marketing, Inc. 2013-03-14 - Add-on Acquisition
Colorado Springs, Colorado · www.chefscatalog.com
Smith & Hawken Ltd. 2010-01-08 - Divestiture
Novato, California · www.smithandhawken.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 2 (22%) 1.0B (65%) 4 (80%) 6.8B (100%)
E-Commerce 3 (33%) - - -
Internet Software and Services 2 (22%) 550M (35%) - -
Distribution 1 (11%) - - -
Software 1 (11%) - - -
Furniture - - 1 (20%) -
Total 9 $1.6B 5 $6.8B

By Geo

State/Country Buy Value Sell Value
United States 9 1.6B 5 6.8B
  California 5 - 1 1.7B
  Minnesota 1 1.0B 4 5.1B
  Pennsylvania 1 - - -
  Colorado 1 - - -
  Alabama 1 550M - -
Total 9 $1.6B 5 $6.8B

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Legal Deals
Faegre Baker Daniels LLP
4
Dorsey & Whitney LLP
1
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 1 $550M
TOTAL $1.6B
Largest Marshall Field & Co.
$1.0B (1990-04-20)
sell # Total
> $1B 3 $6.8B
TOTAL $6.8B
Largest Marshall Field & Co.
$3.2B (2004-06-10)

M&A Connections

Deals
Acquired from
Investor(s)
22%
2 (22%)
Strategic(s)
11%
1 (11%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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