Onex has agreed to pay about $1.37 billion to acquire the Save-A-Lot grocery business from Supervalu (NYSE: SVU) in a deal expected to close by the end of January. Supervalu has spent 2016 deciding what to do with its successful Save-A-Lot subsidiary, at one point filing to take the discount grocer public. In the end, it turned to private equity and the Toronto-based Onex.
Supervalu’s not alone among sellers in the industry, as it’s been something of a boom year for private equity activity in the retail sector. Already, PE investors have completed 47 deals in the space during 2016, according to the PitchBook Platform, exceeding the number of investments in both 2013 and 2014 (but trailing the 63 deals of last year).
Here are the most active PE firms in the US retail sector since the start of 2009, including add-ons: