INDIANAPOLIS--(BUSINESS WIRE)--Village Pantry, Inc. (“Village Pantry”), an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), today announced that it has acquired the business of Imperial Company, Inc. (“Imperial”). Imperial operates 33 “Next Door Store” convenience stores in Michigan and northern Indiana and sells premium branded fuel to complement its convenient products, quick-serve restaurants, car washes, and other value-added service offerings. Terms of the acquisition were not disclosed.
Village Pantry operates 146 convenience stores throughout Indiana and Ohio providing a broad selection of grocery, deli, and bakery items. Village Pantry has multiple store formats that easily adapt to different sized sites to provide the best convenience store atmosphere and service in the industry. Most store locations provide fuel services.
Mick Parker, President and CEO, Village Pantry, Inc., said, “We are delighted to be adding the `Next Door Store' convenience stores to the Village Pantry portfolio of convenience stores to augment our footprint in two mid-western states. We expect to take advantage of the economies of scale offered by this transaction and be better positioned to enhance the value proposition for our loyal customers. The transaction will also provide increased opportunities for growth and the continued rollout of new merchandising concepts.”
David C. Johnson, President of Imperial Company, Inc., commented, “This is a great opportunity for the Imperial Company/Next Door Store concept to join with Village Pantry, a company that shares our commitment to service and to our customers and associates. Both companies share a similar operating philosophy and have no location overlap. It is a great fit for both organizations.”
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 170 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.