Solomon Partners Advising Martin’s Super Markets on its Sale to SpartanNash
On November 20, 2018, Martin’s Super Markets and SpartanNash announced an agreement whereby SpartanNash will acquire Martin’s, a leading family-owned independent supermarket chain in the Midwest.
Martin’s was founded over 70 years ago in 1947 by Jane and Martin Tarnow, grandparents of CEO Rob Bartels. The Company has 21 stores in Northern Indiana and Southwest Michigan that, like so many of our clients around the country, have served as pillars of their communities for generations.
SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores and U.S. military commissaries and exchanges.
Solomon Partners is serving as financial advisor to Martin’s on the transaction, which is expected to close early in the first quarter of the fiscal year ending December 28, 2019, subject to customary closing conditions.
The transaction is another example of our team’s leadership “Advising the Families Who Feed America’s Families.”