Save-A-Lot Reportedly Attracts Interest From Strategic Buyers

Save-A-Lot‘s Canadian owner recently told investors it has had interest from “multiple strategic partners” interested in buying the discount grocery chain, according to Debtwire.

Reuters reported May 6 that Onex, the Canadian private equity firm that bought Save-A-Lot in 2016, had hired investment bank PJ Solomon to explore a sale.

A “strategic partner” presumably would refer to a supermarket operator, as opposed to a financial buyer such as another private equity firm. Debtwire, a financial-information unit of media company Acuris, attributed its report to anonymous sources familiar with the matter.

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