BJ's Wholesale agrees to private equity buy-outThis article was originally published in Foodnews
BJ's WHOLESALE Club has been acquired by private equity firm Leonard Green & Partners (LGP) for USD2.8 billion. "BJ's is the clear leader in the wholesale club industry in the eastern US with strong brand equity and a proven and successful strategy," said Jonathan Seiffer, Partner of LGP. The deal, which is still subject to regulatory approval, is expected to close in the fourth quarter of this year. BJ's products include frozen foods, fresh meat and dairy products, beverages and fresh produce.