M&A Deal Summary

Sears Acquires Sears Carpet and Upholstery Care

On May 18, 1998, Sears acquired consumer services company Sears Carpet and Upholstery Care

Acquisition Highlights
  • This is Sears’ 1st transaction in the Consumer Services sector.
  • This is Sears’ 3rd transaction in the United States.
  • This is Sears’ 1st transaction in Ohio.

M&A Deal Summary
Date 1998-05-18
Target Sears Carpet and Upholstery Care
Sector Consumer Services
Buyer(s) Sears
Deal Type Add-on Acquisition

Target

Sears Carpet and Upholstery Care

Columbus, Ohio, United States
Sears Carpet and Upholstery Care is a provider of commercial and residential carpet and upholstery cleaning services.

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Buyer(S) 1

Buyer

Sears

Hoffman Estates, Illinois, United States
Category Company
Founded 1886
Sector Retail
DESCRIPTION

Sears is an integrated retailer providing merchandise and other services. The Company operates department stores across the US and was originally established in 1892. Sears is headquartered in Hoffman Estates, Illinois.

DEAL STATS #
Overall 3 of 4
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 3 of 4
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-16 Orchard Supply Hardware Stores

San Jose, California, United States

Orchard Supply Hardware Stores Corp., a chain of high volume, high service retail hardware stores located in California.

Buy $415M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-13 Lands End

Dodgeville, Wisconsin, United States

Lands' End is a clothing retailer that markets traditionally styled, casual clothing, available through catalogs known for their folksy, chatty style. Lands' End was founded in 1963 and is based in Dodgeville, Wisconsin.

Buy $1.9B
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