Home Industries Banking & Finance Kohl’s, InSinkErator highlight area’s M&A activity of the past year

Kohl’s, InSinkErator highlight area’s M&A activity of the past year

The past year saw plenty of local merger and acquisition activity. One of the area’s biggest deals was one that did not actually come to fruition.  After pressure from activist investors, Menomonee Falls-based Kohl’s Corp. retained Goldman Sachs to engage with bidders for the company. After engaging with more than 25 different parties, the company

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

The past year saw plenty of local merger and acquisition activity. One of the area’s biggest deals was one that did not actually come to fruition. 

After pressure from activist investors, Menomonee Falls-based Kohl’s Corp. retained Goldman Sachs to engage with bidders for the company. After engaging with more than 25 different parties, the company negotiated exclusively with Ohio-based Franchise Group in June. The deal started with a $60 per share offer for Kohl’s, worth around $7.7 billion in total. Amid a shifting economic environment, the offer was cut to $53 per share or around $6.8 billion.

Ultimately, Kohl’s decided against a sale.

A big area deal that did become a reality in the year was the sale by St. Louis, Missouri-based Emerson Electric of Mount Pleasant-based InSinkErator to Benton Harbor, Michigan-based Whirlpool in a $3 billion cash deal. Whirlpool said it plans to keep the headquarters of the garbage disposal maker in Mount Pleasant. 

BizTimes Milwaukee has covered more than 100 different M&A transactions since the start of 2022, here’s a sampling of some of the biggest deals:

To see additional deals, visit biztimes.com. 

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