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Exit and Growth Strategies for Middle Market Businesses

M&A Quarterly News In The Consumer Retail Industry Sector

By Joe Sands | Dec 11, 2019

The report below gives a good overview of the fourth quarter M&A activity in the Consumer Retail Industry Sector. M&A activity for North American based target companies in the Consumer and Retail sector for Q3 2019 included 91 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions in the sector was announced in August when Etsy, Inc. acquired Reverb.com LLC, a portfolio company of FJ Labs, Inc., Lightbank LLC and Summit Partners LP, for US$275 million in cash, subject to adjustments. The acquisition expands the market presence of Etsy. Founded in 2013, Reverb.com is located in Chicago, Illinois and retails musical instruments through an online platform.

Industry Indicators

  • Total US consumer spending, an indicator of retail sales, rose 1.4%, primarily from services expenditures, in August 2019 compared to the same month in 2018.
  • Total US retail sales, a measure of the retail sector, increased 3.4% in the first nine months of 2019 compared to the same period in 2018.

Posted by Joe Sands.

Read the Entire Consumer Retail 4th Quarter Newsletter Here


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