Grocery & Restaurants
ADVISING THE FAMILIES WHO FEED AMERICA’S FAMILIES™
The PJ SOLOMON Grocery & Restaurants team provides investment banking advisory services to public and private clients across various grocery sectors, including traditional and specialty grocery stores, drug stores, club stores, convenience stores, wholesalers and restaurants.
The practice is led by Scott Moses, whose experience includes some of the largest and most significant grocery and pharmacy M&A transactions in the past two decades, with a combined transaction value of over $50 billion. The team also features the extraordinary talents of renowned executives Justin Dye and Edna Morris (both Senior Advisors), Managing Director Gregory Grambling, Vice President Joshua Heft and Associate Gaurav Ghosh.
Together over the past few years, their extensive work in the Grocery & Restaurants sector has included working with clients such as:
- Save A Lot (on its ~$1bn recapitalization and refinancing)
- 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)
- Fairway Markets (on its pending sale of stores to Village Super Market, Amazon and Key Foods)
- New Seasons Market (on its sale to Emart / Good Food Holdings)
- Fred’s (on its sale of Rx assets to Walgreens and CVS)
- Best Market (on its sale to Lidl US)
- Martin’s Super Markets (on its sale to SpartanNash)
- Supervalu (on its sale of Shop ‘N Save assets to Schnuck Markets)
- Apollo (on its $305 million acquisition of Qdoba)
- El Rancho (on its sale of a growth investment by Albertsons)
- 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)
- Mi Pueblo (on its sale to KKR/Cardenas)
- Southeastern Grocers (on its sale of Rx assets to CVS Health)
- 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)
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.
GROCERY & RESTAURANTS SECTOR COVERAGE
Our senior team experience includes some of the largest Grocery, Drug Retail & Restaurant M&A transactions in the past two decades, with a combined transaction value of over $50 billion.
We advise clients in all Grocery, Drug Retail & Restaurant sectors, including:
- Traditional Grocery Stores
- Specialty Grocery Stores
- Drug Stores
- Club Stores
- Convenience Stores
- Foodservice Distribution
- Grocery Wholesalers
NEWS & INSIGHTS
Scott Moses: Recapitalized Save A Lot Meaningfully Better-Positioned to Serve Its Communities During this Critical Time
GLOBAL EXPERTISE FROM OUR NATIXIS PARTNERSHIP
Today, PJ SOLOMON is an independently-run affiliate of Natixis, part of Groupe BPCE, a top ten European and top 20 global bank. Our partnership provides our clients with global coverage across the Americas, EMEA and APAC.
Become a part of our distinguished team
Our personal, responsive approach emphasizes relationships, not transactions, and is at the heart of our concept of investment banking.
CAREERS AT PJ SOLOMON
If you flourish in an entrepreneurial, team-oriented environment, think PJ SOLOMON
Join our team of leading advisors in the industries they cover here at PJ SOLOMON
STUDENTS & GRADUATES
Enjoy mentorship and develop important client & deal experience from the start