M&A Deal Summary

Shoe Carnival Acquires Shoe Station

On December 3, 2021, Shoe Carnival acquired retailer Shoe Station for 67M USD

Acquisition Highlights
  • This is Shoe Carnival’s 1st transaction in the Retail sector.
  • This is Shoe Carnival’s largest (disclosed) transaction.
  • This is Shoe Carnival’s 1st transaction in the United States.
  • This is Shoe Carnival’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-12-03
Target Shoe Station
Sector Retail
Buyer(s) Shoe Carnival
Deal Type Add-on Acquisition
Deal Value 67M USD

Target

Shoe Station

Mobile, Alabama, United States
Shoe Station is an operator of independent shoe retailers, with 21 locations in five Southeastern states Alabama, Florida, Georgia, Mississippi, and Louisiana. Shoe Station features a comprehensive e-commerce site retail chain that has community partnerships with United Way of Southwest Alabama, Distinguished Young Women, Alabama Public Radio (APR), and The University of South Alabama's Mitchell College of Business. Shoe Station is based in Mobile, Alabama.

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Buyer(S) 1

Buyer

Shoe Carnival

Evansville, Indiana, United States
Category Company
Founded 1978
Sector Retail
Employees2,300
Revenue 1.2B USD (2024)
DESCRIPTION
Shoe Carnival's corporate headquarters in Evansville, Indiana.
Shoe Carnival's corporate headquarters in Evansville, Indiana.

Shoe Carnival is a retailer of family footwear offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. Shoe Carnival was founded in 1978 and is based in Evansville, Indiana.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Alabama) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Rogan Shoes

Oshkosh, Wisconsin, United States

Rogan Shoes is an independent shoe retailer that carries over 100 name brands and thousands of styles of footwear for men, women, children, infants, and toddlers. Rogan Shoes was founded in 1971 and is based in Oshkosh, Wisconsin.

Buy $45M
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