Management Buyout at Bristol Farms

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Supervalu Inc. on Friday said it sold the Bristol Farms upscale supermarket chain to a management team backed by an investment firm that has stakes in several grocery companies.

Supervalu, based in Eden Prairie, Minn. and owner of the Albertsons and Save-A-Lot chains, did not disclose financial terms of the deal with Endeavour Capital, which has offices in Los Angeles and the Pacific Northwest.

Bristol Farms, which was founded 1982 and is based in Carson, operates mostly in Los Angeles County but has a handful of stores in Ventura, San Diego, Riverside and San Francisco counties. Supervalu said the 13 Bristol Farms and one Lazy Acres locations will continue to operate under their current names with existing local management.

“We look forward to returning to local and independent ownership with the opportunity to reinforce our commitment to our local vendors, to support sustainable organic and natural products, and to provide the finest quality foods and the extraordinary service our customers have grown to expect from us over the past 25 years,” said Bristol Farms Chief Executive Kevin Davis in a statement.

Bristol Farms management and Endeavour were represented by Lloyd Greif of Greif & Co., a Los Angeles investment banking firm. Endeavour Capital has stakes in Columbus Foods, New Seasons Market, WinCo Foods, Bi-Mart, Columbia Distributing, National Frozen Foods and Columbus Foods.

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