M&A Deal Summary

Target Acquires Deliv

On May 7, 2020, Target acquired distribution company Deliv

Acquisition Highlights
  • This is Target’s 1st transaction in the Distribution sector.
  • This is Target’s 9th transaction in the United States.
  • This is Target’s 5th transaction in California.

M&A Deal Summary
Date 2020-05-07
Target Deliv
Sector Distribution
Buyer(s) Target
Deal Type Add-on Acquisition

Target

Deliv

Menlo Park, California, United States
Deliv, Inc. is a crowdsourced, same-day delivery service that extends the reach of omnichannel retailers and helps them enhance their customer experience by giving customers the choice to receive their items whenever and wherever they want.

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Buyer(S) 1

Buyer

Target

Minneapolis, Minnesota, United States
Category Company
Founded 1902
Sector Retail
Employees450,000
Revenue 109.1B USD (2023)
DESCRIPTION
View of Target's corporate headquarters in downtown Minneapolis, Minnesota.
View of Target's corporate headquarters in downtown Minneapolis, Minnesota.

Target is a general merchandise retailer serving the US market. The Target brand opened its first store in 1962 and currently operates more than 1,800 stores. Target was formerly known as Dayton Hudson Corp. which was originally founded in 1902. Target is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 9 of 9
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (California) 5 of 5
Country (United States) 9 of 9
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Shipt

Birmingham, Alabama, United States

Shipt, Inc. is a mobile application that allows users to order and buy grocery products from local stores. Shipt, Inc. was established in 2014 and is based in Birmingham, Alabama.

Buy $550M
Mergr

Product

Company

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