The Jim Pattison Group Acquires Save Mart Companies

The Jim Pattison Group has acquired Save Mart Cos., the Modesto, California-based operator of nearly 200 supermarkets (Save Mart, Lucky California, FoodMaxx and Maxx Value), from private equity firm Kingswood Capital Management. Save Mart will remain headquartered in Modesto with Executive Chairman Shane Sampson and the current management team staying in place; the deal includes Yosemite Wholesale and Save Mart office divisions. Financial terms were not disclosed.