M&A Deal Summary

Onex Partners Acquires Save-A-Lot Food Stores

On October 17, 2016, private equity firm Onex Partners acquired retailer Save-A-Lot Food Stores from SUPERVALU for 1.4B USD

Acquisition Highlights
  • This is Onex Partners’ 1st transaction in the Retail sector.
  • This is Onex Partners’ 10th largest (disclosed) transaction.
  • This is Onex Partners’ 32nd transaction in the United States.
  • This is Onex Partners’ 2nd transaction in Missouri.
Investment Fate
  • Save-A-Lot Food Stores was recapitalized in 2020.

M&A Deal Summary

Date 2016-10-17
Target Save-A-Lot Food Stores
Sector Retail
Buyer(s) Onex Partners
Sellers(s) SUPERVALU
Deal Type Divestiture
Deal Value 1.4B USD

Target

Save-A-Lot Food Stores

Earth City, Missouri, United States
Save-A-Lot Food Stores discount grocery retailer in the United States. Save-A-Lot owns and operates corporate stores, and services and supplies licensee-owned stores across the country. Store sizes vary, but in general range in size between approximately 15,000-20,000 square feet. The stores provide a limited selection of national and exclusive store brand products with a focus on its fresh offerings including USDA-inspected beef, pork and poultry, and farm-fresh fruits and vegetables.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 40 of 58
Sector (Retail) 1 of 1
Type (Divestiture) 11 of 12
State (Missouri) 2 of 2
Country (United States) 32 of 42
Year (2016) 4 of 4
Size (of disclosed) 10 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Clarivate

London, United Kingdom

Clarivate is a provider of solutions to accelerate the lifecycle of innovation. Clarivate bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect, and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. Clarivate was founded in 1864 and is based in London, United Kingdom.

Buy $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 Parkdean Resorts

Newcastle upon Tyne, United Kingdom

Parkdean Resorts is a major operator of caravan holiday parks in the United Kingdom. Parkdean Resorts offers a choice of Caravan Holidays and Holiday Home Ownership at 48 Parks, each one with its own unique mix of facilities and entertainment, making it the perfect choice for a family holiday in the UK. Parkdean Resorts is based in Newcastle upon Tyne, United Kingdom.

Buy £1.4B

Seller(S) 1

SELLER

SUPERVALU

Eden Prairie, Minnesota, United States

Category Company
Founded 1871
Sector Retail
Employees23,000
Revenue 14.0B USD (2018)
DESCRIPTION
Entrance to SUPERVALU's corporate headquarters in Eden Praire, Minnesota.
Entrance to SUPERVALU's corporate headquarters in Eden Praire, Minnesota.

SUPERVALU, Inc. is one of the largest grocery wholesalers and retailers in the U.S. SUPERVALU serves customers across the United States through a network of 3,437 stores composed of 3,323 wholesale primary stores operated by customers serviced by SUPERVALU's food distribution business and 114 traditional retail grocery stores in continuing operations operated under three retail banners in three geographic regions (store counts as of February 24, 2018). Headquartered in Minnesota, SUPERVALU has approximately 23,000 employees.


DEAL STATS #
Overall 7 of 8
Sector (Retail) 4 of 5
Type (Divestiture) 6 of 7
State (Missouri) 1 of 1
Country (United States) 7 of 8
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-31 Food Lion - 22 Stores

United States

Food Lion LLC - 22 Stores are located in northern West Virginia, western Maryland, south central Pennsylvania and northwestern Virginia. The 22 acquired stores are expected to benefit from both the scale of the format and similar merchandising and marketing strategies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Unified Grocers

Commerce, California, United States

Unified Grocers, Inc. is a retailer-owned wholesale grocery distributor that supplies independent retailers throughout the western United States. Unified Grocers, Inc. was established in 1922 and is headquartered in Commerce, California.

Buy $375M