Marsh Supermarkets

Marsh Supermarkets
Marsh Supermarkets, Inc.
Type Private
Industry Retail (Grocery)
Founded 1931
Headquarters Indianapolis, Indiana
Number of locations 97
Key people Joe Kelley, President and CEO
Products Grocery
Owner(s) Sun Capital Partners
Employees 9,000
Website www.marsh.net

Marsh Supermarkets is a retail food chain headquartered in Indianapolis, Indiana, with stores throughout Central Indiana and parts of Ohio. Its parent company is Sun Capital Partners, headquarterd in Boca Raton, Florida.

Contents

History

Founded in 1931 in Muncie, the company went public in 1953 and has since grown to 97 locations. Of the 97 locations, 69 are marketed as Marsh Supermarkets, 3 are O’Malia’s Market and 25 are the MainStreet Market banner.

One of Marsh's most distinguishing features has been its innovation and early adoption of retail technology[1]. On June 26, 1974, a Marsh location in Troy, Ohio, became the first grocery store in the world to use a bar code scanner.

Sale and acquisition

Citing increased competition, Marsh announced on November 29, 2005, that it had engaged Merrill Lynch to investigate the possible sale of the company. In April 2006 the company signed a letter of intent to be purchased by an affiliate of Sun Capital Partners, a Florida-based investment firm that specializes in leveraged buyouts. The deal would allow Sun Capital to purchase all outstanding Marsh shares for $11.13 per share, for a total of approximately $88 million.

On September 27th MSH Supermarkets, Inc., an affiliate of Sun Capital, completed the acquisition of Marsh Supermarkets, Inc. (Nasdaq: MARSA) (Nasdaq: MARSB) (Marsh) for a total purchase price of approximately $325 million. Frank Lazaran was appointed President and CEO of Marsh, as a result of Don Marsh's previously announced resignation.

In June 2007, Sun Capital Partners announced that they would be splitting Village Pantry Convenience Stores from Marsh. Village Pantry now reports directly to Sun Capital Partners.[2]

In May 2011, Frank Lazaran departed as the Marsh President and CEO for family reasons. Sun Capital brought in Joe Kelley as the new President and CEO. Joe Kelley brings over 25 years of experience to Marsh from his past positions at Purity Supreme, A&P, Bozzuto’s, Inc., Adams Hometown Markets and Price Chopper Supermarkets.

References

  1. ^ Company History
  2. ^ Marsh Supermarkets Confirms Village Pantry Spinoff

External links


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