Costco Wholesale

Costco Wholesale is a membership-based warehouse club that offers a diverse range of merchandise at competitive prices. Founded in 1976 in San Diego, California, the company has expanded to operate over 600 locations across multiple countries, with a significant presence in the United States. Costco is known for its no-frills retail model, which emphasizes bulk purchasing and limited product displays, allowing it to maintain low operational costs and pass savings onto its members. The company features its own private label, Kirkland Signature, which is designed to match or exceed the quality of national brands. By catering to both business and individual members, Costco has built a strong market position, capturing over 60% of the domestic warehouse club industry. The company's focus on high sales volume and efficient inventory management enables it to generate substantial profits despite operating on thin margins.

Jeffrey Brotman

Co-Founder and Chairman

Gary Millerchip

CFO, Finance and Executive Vice President

Dennis Zook

COO and Executive Vice President

4 past transactions

Fearless Fund

Venture Round in 2021
Fearless Fund is a venture capital firm established in 2018 and based in Atlanta, Georgia. The firm focuses on investing in businesses led by women of color, specifically targeting pre-seed, seed, and Series A funding rounds. By supporting these entrepreneurs, Fearless Fund aims to address the funding gap faced by women of color in the business landscape.

Innovel Solutions

Acquisition in 2020
Innovel Solutions, Inc. provides supply chain solutions to retail, manufacturing, commercial, and military markets in the United States. It offers warehousing, transportation, installation, home delivery, freight/carrier, and end-to-end custom solutions. Innovel Solutions, Inc. was formerly known as Sears Logistics Services, Inc. The company was incorporated in 1939 and is based in Hoffman Estates, Illinois. As of March 17, 2020, Innovel Solutions, Inc. operates as a subsidiary of Costco Wholesale Corporation.

Innovel Solutions

Acquisition in 2020
Innovel Solutions, Inc. provides supply chain solutions to retail, manufacturing, commercial, and military markets in the United States. It offers warehousing, transportation, installation, home delivery, freight/carrier, and end-to-end custom solutions. Innovel Solutions, Inc. was formerly known as Sears Logistics Services, Inc. The company was incorporated in 1939 and is based in Hoffman Estates, Illinois. As of March 17, 2020, Innovel Solutions, Inc. operates as a subsidiary of Costco Wholesale Corporation.

SSM Health

Corporate Round in 2020
SSM Health is a not-for-profit Catholic health system headquartered in St. Louis, Missouri, dedicated to serving the comprehensive health needs of communities across the Midwest. Founded in 1894, the organization operates a network of acute care hospitals, nursing homes, and various healthcare facilities, staffed by nearly 40,000 employees and 11,000 providers. SSM Health offers a wide range of services, including pediatric care, outpatient services, surgery, and emergency care. The system is committed to delivering exceptional healthcare while embodying its mission of revealing God’s healing presence to all individuals it serves.
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