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.

Search 201,539 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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