M&A Deal Summary

Costco Wholesale Acquires Innovel Solutions

On March 17, 2020, Costco Wholesale acquired transportation company Innovel Solutions from Transform Holdco for 1.0B USD

Acquisition Highlights
  • This is Costco Wholesale’s 1st transaction in the Transportation sector.
  • This is Costco Wholesale’s 2nd largest (disclosed) transaction.
  • This is Costco Wholesale’s 2nd transaction in the United States.
  • This is Costco Wholesale’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-03-17
Target Innovel Solutions
Sector Transportation
Buyer(s) Costco Wholesale
Sellers(s) Transform Holdco
Deal Type Divestiture
Deal Value 1.0B USD

Target

Innovel Solutions

Hoffman Estates, Illinois, United States
Innovel Solutions, Inc. is a provider of third-party end-to-end logistics solutions with nationwide capabilities. Innovel has for decades provided Sears and, more recently, third parties with “final mile” delivery, complete installation and white glove capabilities for “big and bulky” products across the United States and Puerto Rico.

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Buyer(S) 1

Buyer

Costco Wholesale

Issaquah, Washington, United States

Category Company
Founded 1976
Sector Retail
Employees316,000
Revenue 242.3B USD (2023)
DESCRIPTION
Costco's corporate headquarters in Issaquah, Washington.
Costco's corporate headquarters in Issaquah, Washington.

Costco Wholesale operates a network of membership warehouses in the US, Puerto Rico, Canada, the UK, Mexico, Japan, Australia, and through majority-owned subsidiaries in Taiwan and Korea. Costco's membership warehouses are based on the concept of offering members low prices on a limited selection of nationally branded and select private-label products in a wide range of merchandise categories. Costco buys the majority of its merchandise directly from manufacturers and routes it to a cross-docking consolidation point or directly to its warehouses. Costco Wholesale was incorporated in 1976 and is headquartered in Issaquah, Washington.


DEAL STATS #
Overall 2 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-06-17 Price Company

San Diego, California, United States

Price Company is an operator of club warehouses in Southern California. The Company was formed in 1976 and is based in San Diego.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Costco-Taiwan

Taipei City, Taiwan

Costco-Taiwan is owns and operates 833 warehouses, including 574 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the United Kingdom, 16 in Korea, 14 in Taiwan, 13 in Australia, four in Spain, two each in France and China, and one in Iceland. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.

Buy -

Seller(S) 1

SELLER

Transform Holdco

Hoffman Estates, Illinois, United States

Category Company
Sector Retail
DESCRIPTION

Transform Holdco LLC is an integrated retailer focused on connecting the digital and physical shopping experiences to serve customers by offering rewards for shopping at Sears, Kmart and other retail partners.


DEAL STATS #
Overall 2 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 2 of 3
State (Illinois) 2 of 3
Country (United States) 2 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Transform Holdco - DieHard Brand

Hoffman Estates, Illinois, United States

Transform Holdco LLC - DieHard Brand's enable Advance the right to sell DieHard batteries into other automotive and vehicular categories.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Weatherbeater

Hoffman Estates, Illinois, United States

Weatherbeater is an exterior paint brand featuring fade, mold, and mildew-resistant properties. Weatherbeater offers more than 1,200 colors for use on front doors, siding, trim, and shutters. Weatherbeater is based in Hoffman Estates, Illinois.

Sell -