M&A Deal Summary

Walmart Acquires Moosejaw

On February 15, 2017, Walmart acquired retailer Moosejaw from Glencoe Capital, W Capital Partners and Harvey & Company for 51M USD

Acquisition Highlights
  • This is Walmart’s 7th transaction in the Retail sector.
  • This is Walmart’s 10th largest (disclosed) transaction.
  • This is Walmart’s 5th transaction in the United States.
  • This is Walmart’s 1st transaction in Michigan.
Investment Fate
  • Moosejaw was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary

Date 2017-02-15
Target Moosejaw
Sector Retail
Buyer(s) Walmart
Sellers(s) Glencoe Capital
W Capital Partners
Harvey & Company
Deal Type Add-on Acquisition
Deal Value 51M USD

Target

Moosejaw

Madison Heights, Michigan, United States
Moosejaw is a multi-channel retailer of premium quality outdoor apparel and equipment. Moosejaw was founded in 1992 and is based in Madison Heights, United States.

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Buyer(S) 1

Buyer

Walmart

Bentonville, Arkansas, United States

Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 681.0B USD (2025)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart was formed in 1945 and is based in Bentonville, Arkansas.


DEAL STATS #
Overall 10 of 23
Sector: Retail M&A 7 of 7
Type: Add-on Acquisition M&A Deals 6 of 17
State: Michigan M&A 1 of 1
Country: United States M&A 5 of 16
Year: 2017 M&A 1 of 5
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Jet.com

Hoboken, New Jersey, United States

Jet.com, Inc. is an online retailer offering household items, electronics, pet supplies and related items. Jet.com was formed in 2013 and is based in Hoboken, New Jersey.

Buy $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 ModCloth

San Francisco, California, United States

ModCloth, Inc. is an online specialty retailer that offers unique designs and exclusive fashion, along with shoes, handbags, and accessories, for 18-35-year-old women. ModCloth was formed in 2002 and is based in San Francisco, California.

Buy -

Seller(S) 3

SELLER

Glencoe Capital

Manchester, New Hampshire, United States

Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1994 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.


DEAL STATS #
Overall 11 of 16
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
State: Michigan M&A 4 of 6
Country: United States M&A 10 of 14
Year: 2017 M&A 1 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Clearbrook Farms

Downey, California, United States

Clearbrook Farms is an online retailer of a variety of all natural jams, jellies, fruit butters, preserves and fillings to both the retail and industrial markets. Clearbrook Farms was founded in 1924 and is based in Downey, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 WestCongress

Manchester, New Hampshire, United States

WestCongress is a specialty and excess lines insurance producer providing underwriting and claims management services throughout the United States. WestCongress is headquartered in Manchester, New Hampshire.

Buy -
SELLER

W Capital Partners

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2001
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

W Capital Partners is a private investment group focused on direct secondary investments. W Capital Partners has a particular interest in growth equity secondary investments as well as buyout minority secondary investments, where existing shareholders are looking for liquidity. W Capital Partners was founded in 2001 and is based in New York, New York.


DEAL STATS #
Overall 11 of 19
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
State: Michigan M&A 1 of 1
Country: United States M&A 10 of 17
Year: 2017 M&A 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 TechProcess Solutions

Mumbai, India

TechProcess Solutions Ltd. is an online and mobile payment services provider. TechProcess Solutions Ltd. was established in 2000 and is headquartered in Mumbai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Alida

Toronto, Ontario, Canada

Alida provides a cloud-based customer intelligence platform that allows companies to build engaged, secure communities of customers that they can use continuously, across the enterprise, for ongoing, real-time feedback and insight. Alida was founded in 2000 and is based in Toronto, Ontario.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 25 of 37
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 19
State: Michigan M&A 1 of 1
Country: United States M&A 24 of 36
Year: 2017 M&A 1 of 5
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Forward Solutions

Alpharetta, Georgia, United States

Forward Solutions is a provider of outsourced sales and marketing services to sanitation, safety, disposables, packaging, equipment and supply manufacturers. Forward Solutions is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Q Management Services

Rochester, New York, United States

Q Management Services LLC is a provider of practice management services to Q Dental Group, P.C. Q Dental focuses on providing quality, affordable family dental care to several dental offices in the Rochester, New York area. The company was incorporated in 2012 and is based in Rochester, New York.

Sell -