Capstone Partners served as exclusive financial advisor to Shoe Station, Inc. (“Shoe Station”) in connection with its sale 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 eCommerce capabilities.
The acquisition of Shoe Station creates a complementary, combined retail platform to serve a broader customer base across both urban and suburban demographics.
Shoe Carnival, Inc. 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.
[Capstone Partners] took on the role of our financial advisor after we interviewed numerous firms. The experience and expertise of the [Capstone] team from start to finish ended in partnership with an organization that honors the legacy of my father, our Company’s founder. [Capstone] 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 [Capstone]’s time, effort and energy spent on achieving the best outcome for our entire Shoe Station family.
