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Grocery Outlet under new ownership
Regional food retailer Grocery Outlet has swapped one private equity owner for another as it looks to drive growth beyond its existing 210 store footprint in six Western states.
The company, which bills itself as an “extreme value” grocer, said it entered into a definitive agreement to be acquired by affiliates of Hellman & Friedman LLC along with Grocery Outlet’s senior management team from its principal owner, Berkshire Partners LLC. The terms of the transaction were not disclosed.
