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INDIANAPOLIS -- A new era in the storied history of Marsh Supermarkets Inc. here has dawned with the completion of its acquisition by MSH Supermarkets, Inc., an affiliate of Boca Raton, Fla.-based Sun Capital Partners, Inc., for a total price tag of $325 million.
As previously reported, Frank Lazaran, former president and c.e.o. of Jacksonville, Fla.-based Winn-Dixie Stores Inc. and, prior to that, president of Safeway's Randall's Food Markets division in Houston, has been named president and c.e.o., replacing the outgoing Don Marsh. (Story continues below.)
Gary Talarico, managing director of Sun Capital Partners, said: "We are pleased that our affiliate, MSH Supermarkets, Inc., has completed the acquisition of Marsh Supermarkets, a leading retailer in the Midwest with a loyal customer base. We look forward to working with Marsh's management team and its dedicated employees."
The transaction represents "a great opportunity for our shareholders, our employees, and the future of Marsh Supermarkets," said Don Marsh, the chain's outgoing chairman and c.e.o. "For 75 years, Marsh has been an industry leader with an unwavering commitment to excellence in customer service and providing quality food products at reasonable prices. We are confident that Sun Capital's financial resources and deep retail-operating experience will provide Marsh with the opportunity and support to grow and further enhance this outstanding franchise."