Several national discount grocery chains are racing to expand their footprints in the Southeast, which experienced the largest population growth of any region in the U.S. in 2023.
Grocery Outlet has acquired discount grocer United Grocery Outlet from Gen Cap America for $62M. The deal includes UGO's 40 stores in the Southeast, according to a regulatory filing.
"This acquisition provides Grocery Outlet with scale in a new region as well as a platform for future expansion in the Southeast," said R.J. Sheedy, Grocery Outlet's CEO, in a statement.
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