Apollo Funds Acquire Tony's Fresh Market
April 20, 2022
Funds managed by Apollo Global Management have acquired Tony's Fresh Market, a Chicago-area specialty grocery chain operating 18 stores. The founding family will remain involved as managers and minority shareholders while Apollo plans to support growth through go-to-market execution, customer loyalty programs and e-commerce expansion.
- Buyers
- Apollo (funds managed by affiliates of Apollo Global Management)
- Targets
- Tony's Fresh Market
- Sellers
- Founding family of Tony's Fresh Market
- Industry
- Retail
- Location
- Illinois, United States
- Transaction Type
- Buyout
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