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Consumer & Retail

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.

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

James S. Grien

Managing Director
Atlanta, United States
Oaklins TM Capital

Philip S. Krieger

Managing Director
Atlanta, United States
Oaklins TM Capital

Marissa Guzzo

Analyst
Boston, United States
Oaklins TM Capital

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