M&A Deal Summary

Kroger Acquires Albertsons

On October 14, 2022, Kroger acquired retailer Albertsons for 24.6B USD

Acquisition Highlights
  • This is Kroger’s 7th transaction in the Retail sector.
  • This is Kroger’s largest (disclosed) transaction.
  • This is Kroger’s 13th transaction in the United States.
  • This is Kroger’s 1st transaction in Idaho.

M&A Deal Summary
Date 2022-10-14
Target Albertsons
Sector Retail
Buyer(s) Kroger
Deal Type Add-on Acquisition
Deal Value 24.6B USD
Advisor(s) Goldman Sachs
Credit Suisse Investment Banking (Financial)
Jenner & Block
White & Case
Debevoise & Plimpton (Legal)

Target

Albertsons

Boise, Idaho, United States
Albertsons is a food and drug retailer. Albertsons operates under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. Albertsons was formed in 1939 and is based in Boise, Idaho.

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Buyer(S) 1

Buyer

Kroger

Cincinnati, Ohio, United States
Category Company
Founded 1883
Sector Retail
Employees500,000
Revenue 150.0B USD (2024)
DESCRIPTION

Kroger operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States under a variety of brands. The Kroger was formed in 1883 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 13 of 14
Sector (Retail) 7 of 7
Type (Add-on Acquisition) 9 of 9
State (Idaho) 1 of 1
Country (United States) 13 of 14
Year (2022) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Turkey Hill

Conestoga, Pennsylvania, United States

Turkey Hill is a manufacturer and distributor of branded ice cream and refrigerated drinks for the retail, foodservice, and alternative channels. The Company has a diverse customer base, including blue chip grocers, distributors, wholesalers, and convenience stores.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-13 MPearlRock

Palm Beach Gardens, Florida, United States

MPearlRock provides emerging consumer brands with significant resources and value-add opportunities across distribution, marketing, product development, manufacturing, supply chain, data analytics and talent acquisition functions. MPearlRock is based in Palm Beach Gardens, Florida.

Buy -
Mergr

Product

Company

Legal