Rogan’s Shoes has been acquired by Shoe Carnival

The owners of Rogan’s Shoe have sold the company to Shoe Carnival, Inc. This acquisition provides Shoe Carnival a well-scaled entry into the Wisconsin market and a complementary growth channel in work boot and safety footwear.

Rogan’s Shoes, the number one footwear retailer in Wisconsin, is a second-generation family-owned operator of 28 open-shelf, large-format stores across Wisconsin, Illinois and Minnesota. Rogan’s Shoes complements its consumer business with a high-growth B2B safety footwear program, outfitting prosumer employees throughout the Midwest with safety-compliant, employer-funded work shoes – on-site, in-store and online.

Shoe Carnival, Inc. (NASDAQ: SCVL) is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for adults and children through more than 400 stores across 35 states and Puerto Rico under its Shoe Carnival and Shoe Station banners.

Oaklins TM Capital in the US served as the exclusive financial advisor to Rogan’s Shoes in connection with its sale to Shoe Carnival.

Service

M&A sell-side

Parties

“Rogan’s Shoes has been a family-owned business and a fixture of the towns and cities it serves for over five decades. We take great pride in the business we’ve built alongside hundreds of dedicated employees and our loyal customer base. We could not have entrusted our legacy to a better partner than Oaklins TM Capital. Their industry expertise, relationships and “roll-up-the-sleeves” work ethic perfectly matched our culture and were invaluable in making this transition work. We could not be more excited for the road ahead in partnership with Shoe Carnival.”

Pat Rogan

CEO, Rogan’s Shoes

Talk to the deal team

Kevin Atchue

Principal

Boston, United States
Oaklins TM Capital

View profile Get in touch

James S. Grien

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Philip S. Krieger

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Related deals

A share exchange agreement for making NARUMIYA a wholly owned subsidiary of World has been executed

Consumer & Retail

A share exchange agreement for making NARUMIYA a wholly owned subsidiary of World has been executed

World Co., Ltd. and NARUMIYA INTERNATIONAL Co., Ltd. have entered into a definitive share exchange agreement, under which World will acquire all outstanding shares of NARUMIYA and make it a wholly owned subsidiary. The share exchange is scheduled to take effect on 1 October 2025. Under the terms of the agreement, NARUMIYA shareholders will receive 0.58 shares of World stock for each Narumiya share they hold.

Learn more

Roxy Nails has sold a minority stake to Cap Invest and Premius Capital

Private Equity | Consumer & Retail

Roxy Nails has sold a minority stake to Cap Invest and Premius Capital

Roxy Nails has sold a minority stake to Cap Invest and Premius Capital, enabling the brand to accelerate growth, expand internationally and strengthen its capabilities by structuring teams and hiring new talent.

Learn more

Trodo has secured financing from SEB Bank to buy out minority shareholder

Automotive | Consumer & Retail

Trodo has secured financing from SEB Bank to buy out minority shareholder

Trodo, a leading e-commerce brand for automotive spare parts and accessories, has successfully secured a senior debt facility from SEB Bank. The financing enabled the company to buy out its Norwegian shareholder, a long-term business partner who played a pivotal role in establishing Trodo’s operations in Norway during its early years.

Learn more