M&A Deal Summary

Best Buy Acquires GreatCall

On August 15, 2018, Best Buy acquired healthcare services company GreatCall from GTCR for 800M USD

Acquisition Highlights
  • This is Best Buy’s 1st transaction in the Healthcare Services sector.
  • This is Best Buy’s largest (disclosed) transaction.
  • This is Best Buy’s 8th transaction in the United States.
  • This is Best Buy’s 3rd transaction in California.

M&A Deal Summary

Date 2018-08-15
Target GreatCall
Sector Healthcare Services
Buyer(s) Best Buy
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

GreatCall

San Diego, California, United States
GreatCall, Inc. is a provider of connected health and personal emergency response services (PERS) for active aging, serving over 800,000 subscribers across the United States. GreatCall's product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services. GreatCall is headquartered in San Diego, California.

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Buyer(S) 1

Buyer

Best Buy

Richfield, Minnesota, United States

Category Company
Founded 1966
Sector Retail
Employees61,200
Revenue 46.3B USD (2023)
DESCRIPTION
Entrance to Best Buy's corporate headquarters in Richfield, Minnesota.
Entrance to Best Buy's corporate headquarters in Richfield, Minnesota.

Best Buy is a multi-channel consumer electronics retailer with stores in the United States, Canada, China, and Mexico. Best Buy also sells through its BestBuy.com website. Best Buy was founded in 1966 and is based in Richfield, Minnesota.


DEAL STATS #
Overall 11 of 12
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 10 of 11
State (California) 3 of 3
Country (United States) 8 of 9
Year (2018) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 mindSHIFT Technologies

Waltham, Massachusetts, United States

mindSHIFT Technologies is one of the IT outsourcing and cloud managed services providers, serving small and mid-size businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-24 CST

Novi, Michigan, United States

CST provides 24-hour personal emergency response (PERS) monitoring and related services to elderly or disabled individuals with medical and/or age-associated conditions. CST was founded in 2006 and is based in Novi, Michigan.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 69 of 84
Sector (Healthcare Services) 13 of 16
Type (Add-on Acquisition) 36 of 40
State (California) 4 of 8
Country (United States) 66 of 81
Year (2018) 5 of 7
Size (of disclosed) 14 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Beeline

Jacksonville, Florida, United States

Beeline is an independent provider of cloud solutions for sourcing and managing the complex world of contingent labor that enables companies to increase profitability and flexibility by utilizing an agile mix of employee and non-employee talent. The company's software helps procurement, sourcing, and human resources professionals optimize costs, reduce risks, and add value to their services procurement and contingent workforce programs. It delivers innovative technology, end-to-end global and localized customer engagement services, and value-added capabilities which help many of the world's largest enterprises meet their most critical talent needs. Beeline was formed in 1999 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Global Traffic Network

New York, New York, United States

Global Traffic Network is a global provider of outsourced information content to radio and television stations. In exchange for traffic, news and other information reports, the Company receives embedded advertising spots from radio and TV stations which it sells to a national advertiser base. Global Traffic Network operates core traffic operations in Australia, Canada and the UK and a mobile traffic and weather application in the United States and Canada.

Sell -