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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