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M&A Deal Summary

The Jim Pattison Group Acquires Save Mart

On June 27, 2024, The Jim Pattison Group acquired retailer Save Mart from Kingswood Capital Management

Acquisition Highlights
  • This is The Jim Pattison Group’s 1st transaction in the Retail sector.
  • This is The Jim Pattison Group’s 1st transaction in the United States.
  • This is The Jim Pattison Group’s 1st transaction in California.

M&A Deal Summary
Date 2024-06-27
Target Save Mart
Sector Retail
Buyer(s) The Jim Pattison Group
Sellers(s) Kingswood Capital Management
Deal Type Add-on Acquisition

Target

Save Mart

Modesto, California, United States
Save Mart operates approximately 200 Save Mart, Lucky California, and FoodMaxx stores in the California Central Valley and Northern Nevada. Save Mart also operates SMART Refrigerated Transport and is a partner in Super Store Industries ("SSI"), which owns and operates a distribution center in Lathrop, and the Sunnyside Farms dairy processing plant in Turlock. Save Mart is based in Modesto, California.

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Buyer(S) 1

Buyer

The Jim Pattison Group

Vancouver, British Columbia, Canada
Category Company
Sector Diversified
DESCRIPTION

The Jim Pattison Group is a diversified group of operating businesses primarily in the United States and Canada. JPG's operating divisions span the automotive, advertising, media, agricultural equipment, food and beverage, entertainment, exporting, financial, real estate and periodical distribution industries.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-19 Genpak Flexible

Aurora, Ontario, Canada

Genpak Flexible is a provider of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. Genpak Flexible was founded in 1959 and is based in Aurora, Ontario.

Sell -

Seller(S) 1

SELLER

Kingswood Capital Management

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Kingswood Capital Management is an operationally focused private equity firm focused on complex situations throughout North America. The Firm targets control positions in middle-market companies with revenues of $100 to $500 million. Sectors of interest include business services, consumer, retail, energy, industrials, technology, media, communications, and value-added distribution. Kingswood Capital Management was established in 2013 and is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Corbion - Emulsifier Business

Amsterdam, Netherlands

Corbion’s Emulsifier Business offers a diverse emulsifier portfolio utilizing a range of fat and oil sources to help the company customize functionality in the end application.

Buy $362M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Kichler Lighting

Solon, Ohio, United States

Kichler Lighting develops decorative residential and light commercial lighting products, ceiling fans, and LED lighting systems across both consumer and professional distribution channels. Kichler Lighting was founded in 1938 and is based in Solon, Ohio.

Buy $125M
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