- TM Capital served as exclusive financial advisor to Rogan’s Shoes, Incorporated (“Rogan’s Shoes”), in connection with its sale to Shoe Carnival, Inc. (“Shoe Carnival”) (NASDAQ: SCVL)
- Rogan’s Shoes, the #1 footwear retailer in Wisconsin, is a 2nd 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 “pro-sumer” employees throughout the Midwest with safety-compliant, employer-funded work shoes – on-site, in-store and online
- Shoe Carnival, Inc. 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 400+ stores across 35 states and Puerto Rico under its Shoe Carnival and Shoe Station banners
- Over the past five decades the Rogan family has built a brand that is well known and trusted throughout the state of Wisconsin
- As such, the acquisition provides Shoe Carnival a clear market leadership position in Wisconsin for work and family footwear, with a compelling assortment, great customer service and a highly committed team of employees
Client Testimonial
"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 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
