Shoe Station has been acquired by Shoe Carnival

The founder of Shoe Station, Inc. has sold the company to Shoe Carnival, Inc. (NASDAQ:SCVL).

Shoe Station is one of the nation’s largest independent footwear retailers, with 21 locations in five southeastern states – Alabama, Florida, Georgia, Louisiana and Mississippi – as well as comprehensive e-commerce capabilities.

Shoe Carnival is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children, with emphasis on national name brands through 377 stores across 35 states. The acquisition of Shoe Station creates a complementary, combined retail platform to serve a broader customer base across both urban and suburban demographics.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Shoe Station, Inc. in connection with its sale to Shoe Carnival, Inc.

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M&A sell-side

Parties

“The team took on the role of our financial advisor after we interviewed numerous firms. Their experience and expertise from start to finish ended in a partnership with an organization that honors the legacy of my father, our company’s founder. They recognized the unique dynamic of a family-owned business and focused on a result that provided not only return to shareholders, but also an understanding that the name Shoe Station was a regional resource which could continue to be developed for generations to come. We appreciate their time, effort and energy spent on achieving the best outcome for our entire Shoe Station family.”

G. Brent Barkin

Chief Executive Officer, Shoe Station, Inc.

Talk to the deal team

James S. Grien

Managing Director

Atlanta, United States
Oaklins TM Capital

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Philip S. Krieger

Managing Director

Atlanta, United States
Oaklins TM Capital

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Bradley S. Goldstein

Associate

Atlanta, United States
Oaklins TM Capital

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