M&A Deal Summary

BNED Acquires RFQ

On June 23, 2016, BNED acquired apparel/textiles company RFQ

Acquisition Highlights
  • This is BNED’s 1st transaction in the Apparel/Textiles sector.
  • This is BNED’s 2nd transaction in the United States.
  • This is BNED’s 1st transaction in Illinois.

M&A Deal Summary

Date 2016-06-23
Target RFQ
Sector Apparel/Textiles
Buyer(s) BNED
Deal Type Add-on Acquisition

Target

RFQ

Crystal Lake, Illinois, United States
RFQ LLC (dba Promoversity) is specialized in creating licensed promotional products provider and e-commerce store front solution serving the collegiate bookstore business and its customers.

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Buyer(S) 1

Buyer

BNED

Basking Ridge, New Jersey, United States

Category Company
Founded 1965
Sector Retail
Employees2,520
Revenue 1.6B USD (2024)
DESCRIPTION

BNED is a retailer of educational content and tools to enhances the academic and social purpose of educational institutions. Barnes & Noble Education was incorporated in 1965 and is based in Basking Ridge, New Jersey.


DEAL STATS #
Overall 2 of 6
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 LoudCloud Systems

Dallas, Texas, United States

LoudCloud Systems, Inc. is a sophisticated digital platform and analytics provider to clients in higher education, the for-profit sector, and K-12 segment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 MBS Textbook Exchange

Columbia, Montana, United States

MBS Textbook Exchange LLC is an operator of virtual bookstores for the institutional client market and one of the largest used textbook wholesalers in the U.S. Through its MBS Direct business, MBS services more than 700 virtual bookstores with a comprehensive e-commerce experience and a broad suite of affordable new, used and digital course materials.

Buy $174M