M&A Deal Summary

Safeway Acquires Andronico s Community Markets

On March 15, 2017, Safeway acquired retailer Andronico s Community Markets from Rosewood Private Investments and Renovo Capital

Acquisition Highlights
  • This is Safeway’s 6th transaction in the Retail sector.
  • This is Safeway’s 6th transaction in the United States.
  • This is Safeway’s 3rd transaction in California.

M&A Deal Summary
Date 2017-03-15
Target Andronico s Community Markets
Sector Retail
Buyer(s) Safeway
Sellers(s) Rosewood Private Investments
Renovo Capital
Deal Type Add-on Acquisition

Target

Andronico s Community Markets

San Francisco, California, United States
Andronico's Community Markets LLC operates 5 grocery stores providing specialty foods in the San Francisco Bay Area. Andronico's offers a wide variety of organic foods and specialty items that cannot be found at conventional supermarkets.

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Buyer(S) 1

Buyer

Safeway

Pleasanton, California, United States
Category Company
Founded 1926
Sector Retail
Employees138,000
Revenue 36.1B USD (2013)
DESCRIPTION

Safeway Inc., which operates Safeway, Vons, Pavilion’s, Randall’s, Tom Thumb, and Carrs stores, is a Fortune 100 company and one of the largest food and drug retailers in the United States with sales of $36.1 billion in 2013. The company operates 1,335 stores in 20 states and the District of Columbia, 13 distribution centers and 20 manufacturing plants.

DEAL STATS #
Overall 6 of 6
Sector (Retail) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (California) 3 of 3
Country (United States) 6 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 G&G Supermarkets

Santa Rosa, California, United States

G&G Supermarkets owns and operates supermarket chain that sells fresh produce from farmers, grocery and meat products.

Buy -

Seller(S) 2

SELLER

Rosewood Private Investments

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rosewood Private Investments is a family-owned private investment firm focused on acquiring and building companies. The Firm will consider opportunities throughout the US and generally seeks to commit $50 to $100 million per transaction. Target companies typically possess experienced management and diverse customers. Rosewood does not have any sector preferences, however, the Firm will not invest in oil/gas, real estate, banking, insurance, and biotechnology. Rosewood Private Investments is based in Dallas, Texas.

DEAL STATS #
Overall 7 of 14
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 2
Country (United States) 7 of 14
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 File & ServeXpress

Irving, Texas, United States

File & ServeXpress is a provider of legal technology services that uses modern cloud technology to connect legal professionals, court personnel, legal administrators, and all other stakeholders together seamlessly. Everything we offer and do is established both by the law and by attorneys’ need to practice law more efficiently and effectively. File & ServeXpress was founded in 2012 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Superior Environmental Solutions

Cincinnati, Ohio, United States

Superior Environmental Solutions (SES) is a provider of comprehensive, vertically integrated environmental and industrial services, including emergency response, hydro blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal, and related, complementary services. Superior Environmental Solutions was founded in 1999 and is based in Cincinnati, Ohio.

Buy -
SELLER

Renovo Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Renovo Capital is a private equity firm focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo Capital will consider opportunities throughout North America and looks to commit $10 to $50 million per transaction. Sectors of interest include niche manufacturing, business services, energy services, technology, and e-commerce. Renovo Capital was formed in 2009 and is based in Dallas, Texas.

DEAL STATS #
Overall 4 of 7
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 2 of 3
Country (United States) 4 of 7
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Renwood Mills

Newton, North Carolina, United States

Renwood Mills sells flour and other baking products in the Southeastern United States for use in food service, food production, and in retail channels under the Southern Biscuit and Tenda-Bake brands. Renwood Mills was founded in 1935 and is based in Newton, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Global HR

Fort Myers, Florida, United States

Global HR provides a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. GHRR, which manages complex needs throughout the employee lifecycle, differentiates itself through best-in-class service levels, expertise within healthcare and other specialized industries, an intuitive technology platform and user interface, and the strength of its integration into customer platforms. Global HR was founded in 2005 and is headquartered in Fort Myers, Florida.

Buy $30M
Mergr

Product

Company

Legal