Walmart Mergers and Acquisitions Summary

RetailCompany

Walmart has acquired 20 companies, including 14 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 5 assets.

Walmart’s largest acquisition to date was in 2018, when it acquired Flipkart Internet Pvt. for $16.0B. It’s largest disclosed sale occurred in 2003, when it sold McLane Company to Berkshire Hathaway for $1.5B. Walmart has acquired in 7 different US states, and 7 countries. The Company’s most targeted sectors include retail (36%) and e-commerce (30%).

Join Mergr and gain access to Walmart’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the retail sector.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity17
    • M&A Sell Activity5
  • Total Sectors Invested 7
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 17
  • M&A Advisors 9

Walmart

Walmart Inc.

702 SW 8th Street,
Bentonville, Arkansas 72716
United States,
(479) 273-4000
www.walmart.com

Walmart Inc. is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM’S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.8/yr) # 8 5 2 1 - 1 17
vol $18.3B $370M $16.0B $34.7B
Sell (0.8/yr) # 1 - 1 1 2 - 5
vol $1.5B $1.5B
  22

Most Recent M&A

Company Date Value Type
MeMD 2021-05-06 - Add-on Acquisition
Phoenix, Arizona · www.memd.net
Seiyu GK 2020-11-16 - Stake Purchase
Tokyo, Japan · www.seiyu.co.jp
Shoes.com 2020-08-27 - Divestiture
Boston, Massachusetts · www.shoes.com
ModCloth, Inc. 2019-10-04 - Divestiture
San Francisco, California · www.modcloth.com
Aspectiva Ltd. 2019-02-25 - Add-on Acquisition
Jerusalem, Israel · www.aspectiva.com
Art.com, Inc. 2018-12-07 - Add-on Acquisition
Emeryville, California · www.art.com
Grupo BIG Brasil SA 2018-06-04 - Divestiture
Barueri, Brazil · www.big.com.br
Flipkart Internet Pvt. Ltd. 2018-05-09 16.0B USD Add-on Acquisition
Bangalore, India · www.flipkart.com
Parcel, Inc. 2017-10-03 - Add-on Acquisition
Brooklyn, New York · www.fromparcel.com
Bonobos, Inc. 2017-06-16 310M USD Add-on Acquisition
New York, New York · www.bonobos.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
WalmartLabs, Inc.    - VUDU, Inc. 2020-04-20 1
San Bruno, California · www.walmartlabs.com Santa Clara, California · www.vudu.com
Jet.com, Inc. 2016-08-08 Shoebuy.com, Inc. 2017-01-05 1
Hoboken, New Jersey · www.jet.com Boston, Massachusetts · www.shoebuy.com
Asda Stores Ltd. 1999-06-14 Asda Stores - Photo Division 2016-08-24 1
Leeds, United Kingdom · www.asda.co.uk , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Retail 6 (35%) 14.0B (41%) 2 (40%) -
E-Commerce 5 (29%) 19.3B (56%) 2 (40%) -
Transportation 2 (12%) - 1 (20%) 1.5B (100%)
Apparel/Textiles 1 (6%) 310M (1%) - -
Healthcare Services 1 (6%) - - -
Internet Software and Services 1 (6%) - - -
Technology Hardware 1 (6%) 1.0B (3%) - -
Total 17 $34.7B 5 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 10 4.7B 3 1.5B
  California 3 1.0B 1 -
  New York 2 310M - -
  Texas 1 - 1 1.5B
  Massachusetts 1 9M 1 -
  New Jersey 1 3.3B - -
  Michigan 1 51M - -
  Arizona 1 - - -
Brazil 2 1.0B 1 -
Japan 1 - 1 -
Chile 1 2.7B - -
India 1 16.0B - -
Israel 1 - - -
United Kingdom 1 10.3B - -
Domestic 10 (59%) 4.7B (13%) 3 (60%) 1.5B (100%)
Cross-border 7 (41%) 30.0B (87%) 2 (40%) -
Total 17 $34.7B 5 $1.5B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
2
Allen & Company
1
Dresdner Kleinwort Wasserstein
1
Legal Deals
Weil Gotshal & Manges LLP
1
Gibson, Dunn & Crutcher LLP
1
Hogan Lovells
1

Deal Values

buy # Total
> $1B 5 $33.3B
$100M to $1B 3 $1.3B
< $100M 2 $60M
TOTAL $34.7B
Largest Flipkart Internet Pvt. Ltd.
$16.0B (2018-05-09)
sell # Total
> $1B 1 $1.5B
TOTAL $1.5B
Largest McLane Company, Inc.
$1.5B (2003-05-02)

M&A Connections

Deals
Acquired from
Investor(s)
18%
3 (18%)
Strategic(s)
24%
4 (24%)
Divested to
Investor(s)
60%
3 (60%)
Strategic(s)
60%
3 (60%)

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