ADVISING THE FAMILIES THAT FEED AMERICA’S FAMILIES

The PJ SOLOMON Food Retail & Restaurants team provides investment banking advisory services to public and private clients across various food retail sector, including traditional and specialty grocery stores, drug stores, club stores, convenience stores, wholesalers and restaurants.

An integral part of our Global Retail franchise, the practice is led by industry veteran Scott Moses, whose experience includes some of the largest and most significant Food & Drug Retail M&A transactions in the past 15 years, with a combined transaction value of over $50 billion. The team also features Director Greg Grambling.

Together over the past few years, their extensive work in the food retail sector has included working with clients such as Kroger, on its $800 million acquisition of Roundy's; Lucky's Market, on its sale of a meaningful equity stake to Kroger; Sprouts Farmers Market, on its merger with Henry's Farmers Market (owned at the time by Apollo); Sunflower Farmers Market, on its sale to Sprouts Farmers Market; Marsh Supermarkets, on its sales to Kroger and Fresh Encounters; Central Grocers, on the sale of Strack & Van Til to Indiana Grocery Group and the sale of its distribution center to Supervalu; Southeastern Grocers, on its sale of prescription assets to CVS Health; United Supermarkets on its sale to Albertson's; Haggen Food & Pharmacy, on the sales of its core business to Albertson's, its non-core stores to various retailers and its previous sale to Comvest Partners; Mi Pueblo, on its sale to KKR / Cardenas Markets; Pro's Ranch Markets, on the sale of its California region stores to Vallarta Supermarkets and Weis Markets, on its sale of SuperPetz to Petco.

Mr. Moses also worked on Cerberus' acquisition of Albertson's "non-core" stores (as part of a $17.4 billion acquisition consortium); Ahold's $7.1 billion sale of U.S. Foodservice to KKR and CD&R; Jean Coutu's $3.4 billion sale of Eckerd Drugs and Brooks Pharmacy to Rite Aid; Caremark's $22 billion merger with CVS; and Seven & I's $1.3 billion take-private of 7-Eleven.

INDUSTRY SECTORS/SUB-SECTORS

  • Traditional grocery stores
  • Specialty grocery stores
  • Drug stores
  • Club stores
  • Convenience stores
  • Wholesalers
  • Restaurants

The Team

Scott Moses

Managing Director

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Gregory D. Grambling

Director

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