About Klaff Realty
News and Press
Klaff Realty, together with JV partners, acquires Marsh Supermarkets for $325 million in a deal led by Sun Capital Partners
2006
BOCA RATON, Fla., Sept. 27, 2006 /PRNewswire/ — Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that MSH Supermarkets, Inc., an affiliate of Sun Capital, has completed the acquisition of Marsh Supermarkets, Inc. (Nasdaq: MARSA) (Nasdaq: MARSB) (“Marsh”) for a total purchase price of approximately $325 million. Frank Lazaran, a former senior executive with more than 30 years of regional supermarket experience, has been appointed President and CEO of Marsh, effective immediately, as a result of Don Marsh’s previously announced resignation.
Marsh is a leading multi-format food retailer in Indianapolis and surrounding markets, operating 116 supermarkets, 154 convenience stores,and other catering and retail businesses under such well-recognized brands such as Marsh Supermarkets, LoBill Foods, Village Pantry, Crystal Food Service, and Enflora(R). Gary Talarico, Managing Director of Sun Capital Partners, Inc. added, “We are pleased that our affiliate, MSH Supermarkets, Inc., has complete the acquisition of Marsh Supermarkets. Marsh Supermarkets is 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.