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Agreement signedPublished 15 Feb 2024

Grocery Outlet Holding Corp. /
United Grocery Outlet

Grocery Outlet expands into southeastern grocery markets

Buy side: Grocery Outlet Holding Corp.
Buy sideGrocery Outlet Holding Corp.
Target: United Grocery Outlet
TargetUnited Grocery Outlet
Source · 15 Feb 2024Source-verified
See the source
Buy side: Grocery Outlet Holding Corp.
Buy sideGrocery Outlet Holding Corp.
Target: United Grocery Outlet
TargetUnited Grocery Outlet
01 / BuyerGrocery Outlet Holding Corp.
02 / TargetUnited Grocery Outlet
Source-verified
01

What happened

Grocery Outlet Holding Corp. agreed to acquire United Grocery Outlet, an extreme value discount grocery retailer operating throughout the Southeastern United States. The acquisition includes 40 stores and a distribution center, and is expected to expand Grocery Outlet’s presence into six states.

The purchase agreement values the transaction at approximately $62 million in cash, subject to customary purchase price adjustments. The acquisition is anticipated to close early in the second quarter, subject to customary closing conditions.

02

The source

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01
Source · Original source

Grocery Outlet expands into southeastern grocery markets

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