M&A Deal Summary

Sears Holdings Acquires Kmart

On November 17, 2004, Sears Holdings acquired retailer Kmart for 11.0B USD

Acquisition Highlights
  • This is Sears Holdings’ 1st transaction in the Retail sector.
  • This is Sears Holdings’ largest (disclosed) transaction.
  • This is Sears Holdings’ 1st transaction in the United States.
  • This is Sears Holdings’ 1st transaction in Michigan.

M&A Deal Summary
Date 2004-11-17
Target Kmart
Sector Retail
Buyer(s) Sears Holdings
Deal Type Add-on Acquisition
Deal Value 11.0B USD
Advisor(s) Aspect Consumer Partners (Financial)

Target

Kmart

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

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Buyer(S) 1

Buyer

Sears Holdings

Hoffman Estates, Illinois, United States
Category Company
Founded 2005
Sector Retail
Revenue 16.7B USD (2017)
DESCRIPTION
Sears Holdings' corporate headquarters in Hoffman Estates, Illinois.
Sears Holdings' corporate headquarters in Hoffman Estates, Illinois.

Sears Holdings was the holding company fo US-based retailers Kmart and Sears. Sears Holdings was formed in 2005 and was based in Hoffman Estates, Illinois.

DEAL STATS #
Overall 1 of 3
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-24 Sears

Hoffman Estates, Illinois, United States

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.

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