Retail Acquisitions in 2025

HRK Holding A.S. (operating as Saat & Saat) has acquired Aydinli Hazir Giyim San. Tic. A.S. (Aydinli Group), a leading Turkish apparel retailer and licensee of U.S. Polo Assn. The deal positions Saat & Saat to expand the U.S. Polo Assn. footprint across Turkey, the Middle East, Eastern Europe and North Africa and accelerate retail and digital growth for the brand in the region.

MadaLuxe Group has acquired a majority stake in IPPOLITA, the New York–based fine jewelry house founded by Ippolita Rostagno. The founder will remain as Chief Creative Officer as MadaLuxe looks to leverage its global luxury infrastructure to support IPPOLITA's growth across key markets; financial terms were not disclosed.

Oakley Capital Fund VI has made an investment in Low Tides Holdings LLC, a partnership entity formed with luxury apparel and lifestyle brand James Perse. The capital will support James Perse's global expansion and marketing initiatives while backing its retail and direct-to-consumer growth.

Atlas Holdings has completed an all-cash acquisition of The ODP Corporation (ODP) for approximately $1 billion, taking the company private. Atlas named Craig Gunckel as CEO to lead ODP’s ~16,000 employees and said the move will allow ODP to refocus on its retail (Office Depot/OfficeMax) and B2B distribution businesses as a private, more agile company.

Franchise Equity Partners (FEP) has acquired IMO Car Wash, the world’s largest tunnel car-wash operator with ~720 locations, from Driven Brands for approximately €411 million. The deal transfers IMO (headquartered in High Wycombe, United Kingdom) to FEP as Driven Brands simplifies its portfolio and will use proceeds primarily to pay down debt; FEP said it will focus on growing volumes, improving customer experience and expanding the brand across the UK, Europe and Australia.

SiteOne Landscape Supply, Inc. (NYSE: SITE) acquired CC Landscaping Warehouse Plus, a wholesale distributor of nursery products, bulk materials and landscape supplies in Bradenton, Florida. The acquisition expands SiteOne’s footprint in the Bradenton market and will allow the company to broaden product offerings and better serve local landscape professionals.

Sewell Automotive Companies acquired Land Rover Boerne in Boerne, Texas from Shottenkirk Automotive Group; the transaction closed on November 17 and included the dealership real estate. The Presidio Group served as exclusive advisor to Sewell, and the acquisition expands Sewell's presence in the Texas luxury-brand dealership market.

Spectrum Wine, a global fine-and-rare wine marketplace headquartered in Santa Ana, California, has acquired Wine Exchange (WineX), a long-established Orange County fine-wine retailer founded in 1982. The deal combines Spectrum's auction, international marketplace and storage capabilities with WineX's curated inventory, digital retail experience and loyal customer base to create an integrated destination for fine and rare wine.

The Kent Companies, a family-owned convenience store and fuels operator based in Midland, Texas, has acquired B&B Petroleum, LLC — a Ponchatoula, Louisiana-based operator of 15 Chevron-branded convenience stores (including Subway and Red Bird Café locations). The acquisition expands Kent's Kent Kwik footprint into Louisiana as part of a five-year strategy to grow eastward across the Southeast.

The ownership group of Cookie Cutters Haircuts for Kids has acquired Snip-its Franchising Company, LLC and Affiliates, combining the two brands under a unified ownership to form Snip-its Franchising, LLC. The deal adds 38 Snip-its salons and 15 franchisees to the system, expanding the combined footprint to 159 locations across the United States and Canada and establishing the largest multi-brand children's salon platform.

Brazilian retail tech company Inwave has acquired Swedish Gateway, a provider of electronic article surveillance (EAS) solutions, to accelerate its expansion into Europe and integrate Gateway's technology with Inwave's AIoT Darwin platform. The deal preserves Gateway's local Swedish team and includes participation from Danish fund DSG to support the group's international growth.

Wakefern Food Corp. has acquired Morton Williams, a family-owned supermarket chain operating 17 stores across Manhattan, the Bronx and Jersey City. A Wakefern subsidiary will operate the Morton Williams stores, leadership and store teams will be retained, and Wakefern said the acquisition expands its retail footprint and wholesale distribution in the New York City metro area.

A partnership comprised of Worldwide Golf and Capitol Hill Group completed a merger to take Big 5 Sporting Goods private, with Big 5 surviving as a wholly owned subsidiary of the partnership. Under the deal, Big 5 stockholders will receive $1.45 per share in cash; the buyers said the combination pairs Capitol Hill Group's capital with Worldwide Golf's specialty retail expertise to re-energize growth.

Pure Hockey has acquired Bar Down Hockey Shop (Bar Down Sports Co.) in Overland Park, Kansas, marking the retailer's first entry into the Kansas market. The acquisition adds a specialty hockey retail store and training facility to Pure Hockey's national network of stores as the company continues geographic expansion across the U.S.

Private equity firm Ames Watson has completed a $140 million acquisition of Claire’s North American business operations and intellectual property following the retailer’s Chapter 11 filing. The deal preserves a majority of Claire’s mall stores (at least 795, potentially up to 950) and thousands of jobs as Ames Watson aims to revitalize the brand through refreshed merchandising, elevated piercing services, and new store concepts.

Mitchell Family Office (MFO), a Michigan-based family office, has acquired Cos Bar, the luxury multi-brand beauty retailer founded in Aspen in 1976, for an undisclosed amount. MFO said the investment positions Cos Bar for omni-channel growth, geographic expansion and capability enhancement as it scales its luxury beauty and consumer portfolio.

Omegro, a portfolio within Volaris (Constellation Software), has acquired ClarityRFID (formerly SML IIS), a provider of item-level RFID inventory solutions and services for the retail sector. ClarityRFID will continue to operate independently under Omegro leadership, with the deal intended to expand Omegro's retail capabilities and support ClarityRFID's international growth and customer relationships.

GALLS has acquired Uniform Works, a Canadian uniform and equipment supplier, marking GALLS' first expansion into Canada. The deal will keep Will Melnyk and the Uniform Works team in place to lead GALLS Canada and bring GALLS' eQuip platform and broader product assortment to Canadian public safety customers.

Backcountry, a specialty outdoor retailer headquartered in Park City, Utah, has acquired Velotech, a Portland-based e-commerce cycling retailer that operates BikeTiresDirect, Western Bikeworks, and TriSports. Velotech will continue operating its existing websites independently while Backcountry and Velotech plan to collaborate on product assortment, content, and fulfillment to expand Backcountry's presence in the U.S. cycling market.

Parish Tractor has acquired Ascension Equipment & Rental in Gonzales, Louisiana, marking the company's entry into the Louisiana market and bringing its total locations to eight. The acquisition expands Parish Tractor's footprint and ability to provide sales, parts, service and rental solutions to agriculture and construction customers in the southeast.

Gabe's, a Morgantown-based off-price retailer, closed a recapitalization where existing term lenders converted over 75% of outstanding term loans into equity and a group of existing investors (led by Brigade Capital Management, Arbour Lane Capital Management and Anchorage Capital) assumed majority ownership. The transaction provides new capital, reduces debt, and is supported by continued ABL financing from Second Avenue Capital Partners and Ares Credit funds while Gabe’s finalizes vendor and landlord agreements to strengthen its store portfolio and operations.

Jacksons Food Stores has acquired Redwood Oil Company, operator of the 24-store Redwood Market convenience-store chain in Northern California, nearly doubling Jacksons' California footprint from about 30 to 54 locations. The acquisition gives Jacksons its first made-to-order foodservice capability (Redwood’s Aztec Grill) and will allow the retailer to pilot the program across its wider network while integrating Jacksons products and systems.

Corte Madera–based RH has quietly acquired three trade-focused, high-end furniture and decor brands: Dennis & Leen, Formations, and Michael Taylor Designs. The purchases are intended to expand RH's design capabilities and intellectual property as the company builds a new classic/traditional aesthetic and scales production for broader distribution.

Marine Supply of Winter Haven, a longstanding local marine supply retailer, was acquired by a group of local investors led by John Saterbo, Tom Kersting, and Jeff Donalson of Thomas Capital. The sellers, founders Richard Emry and Tricia Gurr, are exiting as they approach retirement; the new owners plan to preserve operations, retain staff, and invest in the property's amenities and lakeside experience.

Work World, a Gart Capital Partners portfolio company, has acquired Shoeteria, a Southern California specialty workwear retailer, expanding its retail and B2B footprint in the region. The company also named Shawn Sweeney as CEO to lead omnichannel growth across retail, eCommerce and industrial accounts.

Denver-based bootseller Freebird was sold out of receivership to Yasser Elshair of Arizona’s Elshair Cos. Judge Jill Dorancy approved the $500,000 sale after a court-appointed receiver closed most stores; Elshair plans to reopen select Freebird retail locations and revive the e-commerce business. The company had been run by receiver Ampleo amid heavy debts and a planned liquidation.

American Exchange Group (AXNY Group) has acquired VENUS, the Jacksonville, Florida–headquartered women's fashion brand known for swimwear and apparel. VENUS will continue operating from its Florida headquarters while joining AXNY's portfolio, with plans to streamline collections, expand digital growth, and pursue new retail partnerships.

SiteOne Landscape Supply, Inc. (NYSE: SITE) has acquired Nashville Nursery and Landscape Supply, a one-location wholesale nursery and landscape products distributor in Nashville, Tennessee. The purchase expands SiteOne’s nursery footprint and provides a strategic location to better serve landscape professionals in the growing Nashville market.

TriWest Capital Partners completed a majority equity investment in Spence Diamonds, partnering with the company's existing management to support growth and operational initiatives. Spence Diamonds is a Vancouver-based, vertically integrated bridal jewelry retailer operating eight Canadian showrooms and offering made-to-order engagement rings with both mined and Artisan Created (lab-grown) diamonds.

Brentwood Associates closed an oversubscribed $410 million single-asset continuation fund to support the growth of Watermill Express. The continuation fund is primarily backed by **Hollyport Capital**, with **Pantheon** and **Portfolio Advisors** co-leading; Brentwood remains invested and is also investing through its Fund VII to support Watermill's next phase of expansion.

Fisher Auto Parts has acquired Genden Auto Parts, a second-generation family business that operates seven locations across western Massachusetts, northern Connecticut, southern Vermont and southwestern New Hampshire. The deal expands Fisher's New England footprint and complements its new 217,000 sq. ft. Chicopee distribution center; Genden owner John Lamoureux will continue to lead store and battery-truck operations.

Ulta Beauty has acquired Space NK Limited, a leading British beauty retailer, from Manzanita Capital. Space NK will operate as a standalone subsidiary led by its current CEO, Andy Lightfoot; the acquisition is funded with cash and available credit and is intended to support Ulta's international expansion into the UK and Ireland.

Secret Sales, a Perwyn-backed international off-price fashion marketplace, has acquired Dutch retail brand V&D (Vroom & Dreesmann) and online fashion platform To Be Dressed as part of its European expansion. The acquisitions will relaunch V&D as a digital-first offering leveraging Secret Sales' technology, inventory access and marketplace scale to deepen its presence in the Benelux market.

Birks Group Inc. completed the acquisition of the luxury watch and jewellery business of European Boutique (headquartered in Toronto) from the Sutkiewicz family for C$9,000,000, subject to customary adjustments. The deal includes a licensing agreement to operate the Canadian Diamonds Direct brand; Birks also amended debt facilities including a C$13.5 million incremental term loan from SLR Credit Solutions and a C$3.75 million loan from controlling shareholder Mangrove Holding S.A.

Dallas-based independent sponsor Cascata Capital acquired Ladco, Inc. (Ladco Design Center), the largest luxury to-the-trade home furnishings showroom in Houston, Texas. The transaction provides an ownership transition for co-founders Phillip and Ronnie Ladin (both in their mid-70s) and is expected to support growth through Cascata’s strategic investor network of luxury real estate developers and builders.

Majors Management, operating under its MAPCO brand, has completed the acquisition of 35 retail fuel and convenience store locations across Indiana, Ohio, and Pennsylvania from Alimentation Couche-Tard Inc. (Circle K). The divestiture — required by an FTC consent order — will see the sites rebranded as MAPCO, preserve jobs where possible, and bring MAPCO's MYReward$ loyalty program and local investments to new markets.

Alimentation Couche-Tard completed the $1.57 billion acquisition of Giant Eagle’s GetGo Cafe + Market business, including about 270 GetGo and WetGo locations, effective June 29, 2025. The deal preserves the myPerks loyalty partnership between GetGo and Giant Eagle, and the FTC required Couche-Tard to divest 35 gas stations (to be acquired by Majors Management) to address antitrust concerns.

Generational Group advised the sale of T & R Corner Store, Inc., a locally owned convenience store in Wilson, New York, to an individual investor. The transaction closed June 25, 2025; the store offers fuel services, everyday essentials and made-to-order food.

Vision Marine Technologies (NASDAQ: VMAR) acquired Nautical Ventures Group, a Florida-based recreational boat dealership, marina, and service provider operating nine retail locations. The acquisition gives Vision Marine direct retail and service distribution for its E-Motion high-voltage electric propulsion systems and expands the company's direct-to-consumer sales, installation, and aftermarket service capabilities.

Jadwa Investment, via its Jadwa GCC Diversified Private Equity Fund, has acquired a majority stake in Saudi beauty and personal care retailer Makhazen Alenaya. Founded in 2019 with 15 branches across Saudi Arabia, Makhazen will leverage Jadwa's capital and expertise to expand its footprint, strengthen operations and governance, and pursue a potential listing on the Saudi Exchange.

EagleStores, the retail operating arm of fuel distributor R&R Takhar Oil Co., acquired a gasoline/convenience-store site at 1100 W. Broadway St. in Princeton, Indiana from Ports Petroleum (also known as Fuel Mart). The buyer plans to raze and rebuild the site, brand it under a major fuel name, and continue expanding across the Midwest through acquisitions, new builds and dealer partnerships.

GALLS, a national supplier of public safety uniforms and equipment, acquired Pittsburgh Public Safety Supply, Inc., a regional provider serving the greater Pittsburgh area. The acquisition expands GALLS' retail and distribution footprint in western Pennsylvania and aims to provide enhanced product availability and operational continuity to local public safety agencies.

Nakani Capital Partners, a Toronto-based private investment firm, has acquired Bingo Pro, Inc. and Berri Books, Inc., two Sudbury, Ontario-based distributors of professional bingo equipment and discounted paperback books. The acquisition, which closed on June 13, 2025, is intended to support ownership transition and preserve the businesses’ legacies while Nakani scales and grows the niche distribution operations.

Weis Markets, Inc. purchased 2,153,846 shares of its common stock in a private transaction for an aggregate $140.0 million (approximately $65.00 per share) from trustees of The Patricia R. Weis Marital Trust and The Patricia G. Ross Weis Revocable Trust. The sellers (affiliated with the Weis family) will use proceeds primarily to satisfy estate tax obligations; the transaction was approved by an independent special committee and funded with cash on hand and proceeds from sale of marketable securities.

TPG NewQuest and A91 Partners have acquired Investcorp's entire stake in Citykart, a rapidly growing value-fashion retailer focused on Tier-2 and Tier-3 Indian towns. Citykart has expanded its store base from 37 to 137 stores and is projected to generate approximately INR 8.8 billion (about US$102 million) revenue for FY2025 as the new owners aim to accelerate the company's next phase of growth.

Stout's ACE Hardware (Stout's Feed Store) in Mount Washington, Kentucky was sold to ACE Mt. Washington LLC, operated by local entrepreneur Mafaz Ansar, with the transaction closing May 22, 2025. The acquisition transfers ownership from the Stout family to Ansar—who already owns ACE Hardware Radcliff—supporting local continuity of service while expanding Ansar's ACE footprint in Kentucky.

Kingswood Capital Management and Performance Investment Partners have completed the acquisition of The Vitamin Shoppe from Franchise Group, Inc. The deal returns Sharon Leite as CEO and positions the company for growth through brand-building, enhanced e-commerce and digital marketing capabilities, and private-brand innovation across its omnichannel retail footprint.

Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family, together with Mexican retailer El Puerto de Liverpool, completed an all-cash acquisition of Nordstrom, Inc. at $24.25 per share. The transaction delists Nordstrom from the NYSE and transfers control to the Nordstrom family and Liverpool, with Erik and Pete Nordstrom named Co-CEOs.

Mid-Shore Meats of Toms River has purchased Lasolas Market & Deli in Normandy Beach, New Jersey from the long-time family owners. The buyer intends to operate the market in line with prior seasons while introducing specialty products; former owners and key staff will remain on site through the 2025 season to ensure a smooth transition. The acquisition expands Mid-Shore Meats' presence in Ocean County.

New Global Marketing, Inc. (d/b/a Best Cigar Prices) announced the strategic merger of Humicon L.L.C. (d/b/a Alliance Cigar) into the New Global family, with Alliance operating as the company's B2B wholesale division while Best Cigar Prices remains its B2C retail business. Tom Sullivan and Steve Kallinikos join the combined company's leadership as Executive Vice Presidents and will remain shareholders; financial terms were not disclosed and NBT Bank financed a portion of the transaction.