Grocery Outlet Holding Corp. Acquires United Grocery Outlet
February 15, 2024
Grocery Outlet Holding Corp. agreed to acquire United Grocery Outlet (UGO), adding 40 stores and a distribution center and expanding Grocery Outlet's footprint into six Southeastern states. The deal—purchased from affiliates of Gen Cap America, Inc. and current and former UGO management—is expected to close early in Q2 2024 and provides a platform for further Southeast expansion while being modestly accretive to 2024 earnings.
- Buyers
- Grocery Outlet Holding Corp.
- Targets
- United Grocery Outlet
- Sellers
- Affiliates of Gen Cap America, Inc., Current and former United Grocery Outlet management
- Industry
- Retail
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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