A New Chapter Begins as Walgreens Boots Alliance Goes Private in Landmark Deal

The acquisition of Walgreens Boots Alliance by Sycamore Partners has been finalized, marking a significant turning point for the major pharmacy chain. On August 28, 2025, the company officially delisted from the NASDAQ exchange, concluding its public market chapter and transitioning into private ownership under the new control of the private equity firm. The transaction, valued at $10 billion, paves the way for a strategic overhaul.

Concurrent with the ownership change, a new leadership team has been appointed. Mike Motz, the former chief of Staples, has been named the new Chief Executive Officer, succeeding Tim Wentworth who guided the company through its final two years as a public entity. John Lederer has assumed the role of Executive Chairman to lead the board.

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