Advised on sale of discount grocery retailer
Subscribe to Transaction NewsAdvised on sale of discount grocery retailer
Subscribe to Transaction NewsStout served as the exclusive financial advisor to Gen Cap America, Inc. and United Grocery Outlet (UGO) in connection with UGO’s sale to Grocery Outlet Holding Corp (Grocery Outlet).
UGO was founded 50 years ago, and today operates 40 stores located across Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia, offering customers tremendous savings within a treasure hunt shopping environment.
Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 460 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland, New Jersey, and Ohio.
Gen Cap is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle-market businesses.
View the full news release.