Divestiture • Retail

Ocean State Job Lot Acquires Toys R Us - 7 Locations

On January 8, 2019, Ocean State Job Lot acquired retailer Toys R Us - 7 Locations from Toys R Us

Acquisition Context
  • This is Ocean State Job Lot’s 1st transaction in the Retail sector.
  • This is Ocean State Job Lot’s 1st transaction in the United States.
  • This is Ocean State Job Lot’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date January 8, 2019
Target Toys R Us - 7 Locations
Sector Retail
Buyer(s) Ocean State Job Lot
Sellers(s) Toys R Us
Deal Type Divestiture

Target Company

Toys R Us - 7 Locations

Brockton, Massachusetts, United States
Toys 'R' Us - 7 Locations comprises retail stores based in Massachusetts, New York, New Hampshire, and Pennsylvania.
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Buyer Overview 1

Buyer

Ocean State Job Lot

North Kingstown, Rhode Island, United States

Category Company
Founded 1977
Sector Retail
Employees5,000
DESCRIPTION

Ocean State Jobbers, Inc. is a privately held closeout retail chain with 131 stores in New England, New York, and New Jersey, approximately 5,000 employees, and annual sales exceeding $675 million. Since founding in 1977, the company sells an ever-changing array of household goods, apparel, pet supplies, kitchen pantry staples, and seasonal products (such as holiday, gardening, and pool supply) at a fraction of their typical price.


Deal Context for Buyer #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

Toys R Us

Wayne, New Jersey, United States

Category Company
Founded 1948
Sector Retail
DESCRIPTION

Toys “R” Us is a specialty toy and juvenile products retailer, selling merchandise globally through more than 1,600 stores in over 34 countries, and through the company’s websites. Toys 'R' Us was established in 1948 and is headquartered in Wayne, New Jersey.


Deal Context for Seller #
Overall 2 of 2
Sector: Retail 2 of 2
Type: Divestiture 2 of 2
State: Massachusetts 1 of 1
Country: United States 2 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 FAO Schwarz

New York, New York, United States

FAO Schwarz is the oldest toy retailer in the United States. It offers distinctive quality merchandise, including a line of toys marketed under the FAO Schwarz brand name. The toy retailer is best known for its famous flagship store in Manhattan which attracts millions of visitors annually. A destination for unique hands-on family activities, the store has become a much-anticipated part of any visit to New York for generations of children and adults worldwide. FAO Schwarz, was established in 1862 and is headquartered in New York City.

Sell -