M&A Deal Summary

Express Rx Acquires Fred s - 10 Pharmacy Locations

On October 14, 2019, Express Rx acquired retailer Fred s - 10 Pharmacy Locations from Fred s

Acquisition Highlights
  • This is Express Rx’s 1st transaction in the Retail sector.
  • This is Express Rx’s 1st transaction in the United States.
  • This is Express Rx’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-10-14
Target Fred s - 10 Pharmacy Locations
Sector Retail
Buyer(s) Express Rx
Sellers(s) Fred s
Deal Type Divestiture

Target

Fred s - 10 Pharmacy Locations

Tennessee, United States
Fred's, Inc. - 10 Pharmacy Locations operates retail stores in Louisiana, Mississippi, Tennessee, Kentucky, and Alabama.

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Buyer(S) 1

Buyer

Express Rx

Little Rock, Arkansas, United States

Category Company
Founded 2013
Sector Retail
DESCRIPTION

Express Rx combines old-fashioned service with the latest technologies to provide its customers with the most efficient and comprehensive pharmacy experience possible. Express Rx was formed in 2013 and has eight store locations in Oklahoma, Missouri, and Arkansas.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Fred s

Memphis, Tennessee, United States

Category Company
Sector Retail
Employees2,642
Revenue 1.3B USD (2019)
DESCRIPTION

Fred's, Inc. is an operator of 701 discount general merchandise stores, including 21 franchised Fred's stores, in the southeastern United States.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 Reeves-Sain Drug Store

Nashville, Tennessee, United States

Reeves-Sain Drug Store, Inc. is a specialty and retail pharmacy company.

Buy $66M