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  6. Savers Acquires 2nd Ave Thrift Superstores

M&A Deal Summary

Savers Acquires 2nd Ave Thrift Superstores

On November 1, 2021, Savers acquired retailer 2nd Ave Thrift Superstores from Rosser Capital Partners and BRS

Acquisition Highlights
  • This is Savers’ 2nd transaction in the Retail sector.
  • This is Savers’ 2nd transaction in the United States.
  • This is Savers’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-11-01
Target 2nd Ave Thrift Superstores
Sector Retail
Buyer(s) Savers
Sellers(s) Rosser Capital Partners
BRS
Deal Type Add-on Acquisition

Target

2nd Ave Thrift Superstores

Bensalem, Pennsylvania, United States
2nd Ave Thrift Superstores operates thrift store locations throughout the Mid-Atlantic and Northeast under the 2nd Ave Value Store and Village Thrift Store brands. The Company strives to provide a unique and department store-like shopping experience while bringing its customers the best value in discount retail. 2nd Ave Thrift Superstores was formed in 1959 and is based in Bensalem, Pennsylvania.

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Buyer(S) 1

Buyer

Savers

Bellevue, Washington, United States
Category Company
Founded 1954
Sector Retail
Employees17,000
DESCRIPTION
Savers retail store in Duluth, Minnesota.
Savers retail store in Duluth, Minnesota.

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-04 Apogee Retail

Little Canada, Minnesota, United States

Apogee Retail LLC is a regional specialty retailer.

Buy -

Seller(S) 2

SELLER

Rosser Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Rosser Capital Partners is a private equity group focused on making investments in the restaurant, consumer and retail sectors. The Firm will consider opportunities throughout the US and has experience with family-controlled and closely-held companies. Rosser Capital Partners was formed in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 3 of 4
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 2nd Ave Thrift Superstores

Bensalem, Pennsylvania, United States

2nd Ave Thrift Superstores operates thrift store locations throughout the Mid-Atlantic and Northeast under the 2nd Ave Value Store and Village Thrift Store brands. The Company strives to provide a unique and department store-like shopping experience while bringing its customers the best value in discount retail. 2nd Ave Thrift Superstores was formed in 1959 and is based in Bensalem, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Tumble 22

Austin, Texas, United States

Tumble 22 is a full-service, bar-centric, hot chicken restaurant concept that offers a simple menu featuring all-natural, Texas-raised chicken prepared using its proprietary seasoning. Tumble 22 is based in Austin, Texas.

Buy -
SELLER

BRS

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 35 of 37
Sector: Retail M&A 5 of 5
Type: Add-on Acquisition M&A Deals 8 of 8
State: Pennsylvania M&A 1 of 1
Country: United States M&A 34 of 35
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Tolemar

Huntington Beach, California, United States

Tolemar is a manufacturer of aftermarket parts and accessories for motorcycles and all-terrain vehicles. Tolemar sells its comprehensive product portfolio direct-to-distributors and direct-to-consumer under the brand names Trinity Racing, LA Choppers, and Baron Custom Accessories as well as private-label. Tolemar is based in Huntington Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Tumble 22

Austin, Texas, United States

Tumble 22 is a full-service, bar-centric, hot chicken restaurant concept that offers a simple menu featuring all-natural, Texas-raised chicken prepared using its proprietary seasoning. Tumble 22 is based in Austin, Texas.

Buy -
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