About Michaels
Michaels is a company based in Irving (United States) founded in 1973 was acquired by Apollo Global Management in March 2021.. Michaels has raised $10 million across 2 funding rounds from investors including Goldman Sachs, UBS and J P Morgan. Michaels offers products and services including Arts and Crafts Supplies and Custom Framing.
- Headquarter Irving, United States
- Stage Public
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Michaels Stores
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$10 M (USD)
in 2 rounds
-
Latest Funding Round
$500 M (USD), Debt – Conventional
Jul 16, 2019
-
Investors
Goldman Sachs
& 12 more
-
Employee Count
Employee Count
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Michaels
Michaels offers a comprehensive portfolio of products and services, including Arts and Crafts Supplies and Custom Framing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Arts supplies, yarn, and decor are sold for various creative uses.
Framing services are provided for photos and art pieces.
Unlock access to complete
Unlock access to complete
Leadership Team
64 people
Software Development Team
28 people
Human Resources and Administration
23 people
Product Management Team
21 people
Store Team
21 people
Sales and Marketing
20 people
Senior Team
17 people
Manager Team
15 people
Unlock access to complete
Funding Insights of Michaels
Michaels has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $500 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $500.0M
-
First Round
First Round
(01 Jun 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - Michaels | Valuation |
investors |
|
| Jun, 2009 | Amount | Series B - Michaels | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Michaels
Michaels has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, UBS and J P Morgan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment banking services are delivered across multiple financial sectors.
|
Founded Year | Domain | Location | |
|
Buyouts are targeted through private equity investments by the firm.
|
Founded Year | Domain | Location | |
|
Private investment firm managing assets and expanding into equity, credit, and real estate services.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Michaels
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Michaels
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Michaels Comparisons
Competitors of Michaels
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Michaels
When was Michaels founded?
Michaels was founded in 1973 and raised its 1st funding round 36 years after it was founded.
Where is Michaels located?
Michaels is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Who is the current CEO of Michaels?
Ashley Buchanan is the current CEO of Michaels.
Is Michaels a funded company?
Michaels is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jun 01, 2009.
What does Michaels do?
Michaels owns and operates more than a 1,000 stores in US and Canada. It sells more than 40,000 products including art and hobby supplies, decor, frames, needlecraft kits, party supplies, seasonal products, and silk and dried flowers. It also operates about 155 Aaron Brothers stores in Texas and 10 other states, which provide framing and art supplies. The retailers Artistree subsidiary manufactures frames and molding for Michaels and Aaron Brothers stores. Michaels Stores was taken private in 2006 by the investment firms Bain Capital Partners, LLC, and The Blackstone Group. In 2017 the company recorded annual revenues of 5.19B, and a net profit of 0.37B.
What products or services does Michaels offer?
Michaels offers Arts and Crafts Supplies and Custom Framing.
Who are Michaels's investors?
Michaels has 13 investors. Key investors include Goldman Sachs, UBS, J P Morgan, Bank of America, and Morgan Stanley.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.