M&A Deal Summary

SUPERVALU Acquires Cub Foods

On May 7, 2014, SUPERVALU acquired retailer Cub Foods from ZS Fund

Acquisition Highlights
  • This is SUPERVALU’s 7th transaction in the Retail sector.
  • This is SUPERVALU’s 8th transaction in the United States.
  • This is SUPERVALU’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2014-05-07
Target Cub Foods
Sector Retail
Buyer(s) SUPERVALU
Sellers(s) ZS Fund
Deal Type Add-on Acquisition

Target

Cub Foods

Stillwater, Minnesota, United States
CUB Foods offers customers the freshest produce, widest selection and food expertise throughout the store to meet their everyday grocery needs. In addition to innovative local, ethnic and organic food sections, CUB Foods stores offer shoppers multiple in-store services including fresh bakery, full-service deli and meat departments, pharmacy and banking.

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Buyer(S) 1

Buyer

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 8 of 11
Sector: Retail M&A 7 of 9
Type: Add-on Acquisition M&A Deals 5 of 7
State: Minnesota M&A 1 of 1
Country: United States M&A 8 of 11
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-07 Rainbow Foods - 18 Grocery Stores

United States

Rainbow Foods - 18 Grocery Stores including 13 Rainbow pharmacies and three Rainbow liquor stores in Minnesota. Jerry’s Enterprises, Haug Enterprises, Lund Food Holdings, and Radermacher Enterprises.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

ZS Fund

New York, New York, United States

Category Private Equity Firm
Founded 1985
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ZS Fund L.P. is a private equity firm engaged in making long-term investments in established middle-market companies. The firm focuses on transactions that provide liquidity to business owners while enabling them to maintain a significant ownership stake and keep their company independent. ZS pursues privately-held, closely-held, or publicly-traded companies that have a high return on capital relative to industry peers. The firm targets companies with an annual operating profit of at least $4 million. ZS Fund L.P. was founded in 1985 and is based in New York City.


DEAL STATS #
Overall 5 of 9
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 Industrial Air Tool

Pasadena, Texas, United States

A leading distributor of tools, equipment and consumable supplies to oil and gas drillers and refiners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Amerijet International

Miami, Florida, United States

Amerijet International is a provider of air cargo and logistics solutions to and from the U.S. and the Caribbean, Mexico, and Latin America. The Company specializes in shipping time-sensitive, perishable, oversized, hazardous, and highly configured products through both regularly scheduled and chartered flights. Amerijet International was founded in 1974 and is based in Miami, Florida.

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