M&A Deal Summary

Dollar Tree Acquires Family Dollar

On July 6, 2015, Dollar Tree acquired retailer Family Dollar for 9.0B USD

Acquisition Highlights
  • This is Dollar Tree’s 4th transaction in the Retail sector.
  • This is Dollar Tree’s largest (disclosed) transaction.
  • This is Dollar Tree’s 4th transaction in the United States.
  • This is Dollar Tree’s 1st transaction in North Carolina.
Investment Fate
  • Family Dollar was divested to a consortium of buyers in 2025 for 1.0B USD.

M&A Deal Summary

Date 2015-07-06
Target Family Dollar
Sector Retail
Buyer(s) Dollar Tree
Deal Type Add-on Acquisition
Deal Value 9.0B USD
Advisor(s) Morgan Stanley (Financial)
Cleary Gottlieb Steen & Hamilton (Legal)

Target

Family Dollar

Matthews, North Carolina, United States
Family Dollar is a national discount retailer offering branded and private branded merchandise and discounted prices for consumers. Family Dollar was formed in 1959 and is based in Matthews, North Carolina.

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Buyer(S) 1

Buyer

Dollar Tree

Chesapeake, Virginia, United States

Category Company
Founded 1986
Sector Retail
Employees64,434
Revenue 17.6B USD (2025)
DESCRIPTION

Dollar Tree is a dominant discount variety retailer of merchandise at the fixed price of $1.00. The core product assortment consists of a variety of merchandise, including toys, durable housewares, gifts, fashion, health and beauty care items, party goods, greeting cards, apparel, and seasonal goods. Dollar Tree was incorporated in 1986 and is headquartered in Chesapeake, Virginia.


DEAL STATS #
Overall 4 of 4
Sector: Retail M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Dollar Express

Chesapeake, Virginia, United States

Dollar Express is a discount general merchandise retailer currently operating over 300 stores across the US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-26 Family Dollar

Matthews, North Carolina, United States

Family Dollar is a national discount retailer offering branded and private branded merchandise and discounted prices for consumers. Family Dollar was formed in 1959 and is based in Matthews, North Carolina.

Sell $1.0B