Scott Moses is a Managing Director, Head of the Grocery & Restaurants Investment Banking practice at PJ SOLOMON, and a member of the Firm’s Operating Committee. He specializes in retail sector strategic and financial advice, with a focus on mergers, acquisitions, sales and divestitures of traditional and specialty food and drug retailers and restaurants.
Mr. Moses has advised clients in some of the largest and most significant retail M&A transactions over the past two decades, with a combined transaction value of more than $50 billion. He has been named to the “Top 50: Americas M&A Dealmakers” list by Global M&A Network (2013) and “40 Under 40” lists of promising finance professionals by IDD (2011) and The M&A Advisor (2015).
Mr. Moses’s numerous food retail clients, many of which are family-owned, have included: Kroger (on its $800 million acquisition of Roundy’s); New Seasons Market (on its sale to Emart / Good Food Holdings); Save A Lot (on its ~$1bn recapitalization and refinancing); Fairway Markets (on its pending sale of stores to Village Super Market); Lucky’s Market (on its pending sales to various acquirers including Aldi, Publix, Southeastern Grocers and the founders, Bo and Trish Sharon, et. al., as well as the original sale of a meaningful equity stake to Kroger); Sprouts Farmers Market (on its merger with Henry’s Farmers Market, which was then owned by Apollo); Sunflower Farmers Market (on its sale to Sprouts Farmers Market); Fred’s (on its sale of Rx assets to Walgreens and CVS Health); Southeastern Grocers (on its sale of Rx assets to CVS Health); Supervalu (on its sale of Shop ‘N Save assets to Schnuck Markets); Martin’s Super Markets (on its sale to SpartanNash); Best Market (on its sale to Lidl US); United Supermarkets (on its sale to Albertsons); El Rancho (on its sale of a growth investment by Albertsons); Mi Pueblo (on its sale to KKR / Cardenas); Pro’s Ranch Markets (on its sale of its California Region stores to Vallarta); Central Grocers (on its sale of Strack & Van Til to Indiana Grocery Group and its sale of its DC to Supervalu); Marsh Supermarkets (on its sales to Kroger and Fresh Encounter); Haggen Food & Pharmacy (on the sale of its core business to Albertsons; the sale of its non-core stores to Smart & Final, Albertsons, Gelson’s, Sprouts, Stater Bros., 99 Ranch and Bristol Farms, et. al.; and its previous operating company sale to Comvest Partners, family-owned real estate sale to Merlone Geier and Rx assets sale to Walgreens); 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; GameStop’s $1.4 billion acquisition of Electronics Boutique and GameStop’s $700 million spin-off from Barnes & Noble.
Mr. Moses was previously the Head of Food, Drug and Specialty Retail Investment Banking at Sagent Advisors, prior to which he worked in the retail investment banking groups at JPMorgan, Citigroup and Dresdner Kleinwort Wasserstein (Wasserstein Perella).
Mr. Moses has been quoted numerous times as a sector thought leader in various business and grocery media outlets, including Bloomberg, CNN, Forbes, Reuters, The Wall Street Journal, Food Dive, Progressive Grocer, The Shelby Report, Supermarket News and Winsight Grocery.
Mr. Moses graduated summa cum laude from the University of Pennsylvania, with a B.A. in Political Science. He received a J.D./M.B.A. from Columbia University, where he was a Harlan Fiske Stone Scholar and an executive editor of the Columbia Business Law Review.
Mr. Moses sits on the Board of Directors of UpLift Solutions, a national nonprofit organization that works with food retailers, governments and other constituents to bring full-service grocery stores to underserved markets across the country. He is also a Fellow of the Culinary Institute of America.