Stout served as exclusive sell-side financial advisor to Tony’s Fresh Market in connection with its sale to Apollo Global Management.

Tony’s operates 18 grocery stores across the Chicago metropolitan area, with several more store locations currently in development. Tony’s plays an important role in the local economy and community, providing affordable, high-quality food to thousands of families. The business has been family-owned and operated since its founding more than 40 years ago.

Apollo is a high-growth, global alternative asset manager. The firm seeks to provide its clients excess return at every point along the risk-reward spectrum, from investment grade to private equity, with a focus on three business strategies: yield, hybrid, and opportunistic. As of December 31, 2021, Apollo had approximately $498 billion assets under management.

View the full news release.