M&A Deal Summary

Best Buy Acquires Pacific Sales Kitchen and Bath Centers

On December 22, 2005, Best Buy acquired retailer Pacific Sales Kitchen and Bath Centers for 410M USD

Acquisition Highlights
  • This is Best Buy’s 4th transaction in the Retail sector.
  • This is Best Buy’s 4th largest (disclosed) transaction.
  • This is Best Buy’s 4th transaction in the United States.
  • This is Best Buy’s 1st transaction in California.

M&A Deal Summary
Date 2005-12-22
Target Pacific Sales Kitchen and Bath Centers
Sector Retail
Buyer(s) Best Buy
Deal Type Add-on Acquisition
Deal Value 410M USD
Advisor(s) BofA Securities (Financial)
Jeffer Mangels Butler & Mitchell (Legal)

Target

Pacific Sales Kitchen and Bath Centers

Thousand Oaks, California, United States
Pacific Sales Kitchen and Bath Centers, Inc. is a retailer of high-end home improvement products that operates 14 showrooms in Southern 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 5 of 12
Sector (Retail) 4 of 6
Type (Add-on Acquisition) 5 of 11
State (California) 1 of 3
Country (United States) 4 of 9
Year (2005) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 Geek Squad

Minneapolis, Minnesota, United States

Geek Squad is a technology service and repair unit that operates within Best Buy retail stores. It was formed in 1994 in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Jiangsu Five Star Appliance

Nanjing, China

Jiangsu Five Star Appliance Co., Ltd. is an appliance and consumer electronics retailer.

Buy -
Mergr

Product

Company

Legal