M&A Deal Summary

Kmart Acquires Pace Membership Warehouse

On October 17, 1989, Kmart acquired retailer Pace Membership Warehouse for 322M USD

Acquisition Highlights
  • This is Kmart’s 1st transaction in the Retail sector.
  • This is Kmart’s largest (disclosed) transaction.
  • This is Kmart’s 1st transaction in the United States.
  • This is Kmart’s 1st transaction in Colorado.

M&A Deal Summary
Date 1989-10-17
Target Pace Membership Warehouse
Sector Retail
Buyer(s) Kmart
Deal Type Add-on Acquisition
Deal Value 322M USD

Target

Pace Membership Warehouse

Colorado, United States
Pace Membership Warehouse, Inc. is a 41 warehouse club chains.

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Buyer(S) 1

Buyer

Kmart

Troy, Michigan, United States
Category Company
Founded 1899
Sector Retail
DESCRIPTION

Kmart operates a chain of discount department stores. The Company was originally founded in 1899 and is headquartered in Troy, Michigan.

DEAL STATS #
Overall 1 of 3
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 2
Country (United States) 1 of 3
Year (1989) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 The Sports Authority

Englewood, Colorado, United States

The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado.

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