Grocery Outlet Holding Corp. to Acquire United Grocery Outlet

February 15, 2024

Grocery Outlet Holding Corp. (NASDAQ: GO) has agreed to acquire United Grocery Outlet (UGO), an extreme value discount grocery retailer operating across the Southeastern United States, from affiliates of Gen Cap America and current/former UGO management. The deal is expected to add 40 stores and a distribution center, expanding Grocery Outlet’s footprint into Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia, with anticipated closing in early Q2 2024.

Buyers
Grocery Outlet Holding Corp.
Targets
United Grocery Outlet (UGO)
Sellers
Affiliates of Gen Cap America, Inc., Current and former UGO management
Industry
Food & Beverage
Location
Tennessee, United States
Transaction Type
Buyout

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