Solomon Partners Serving as M&A Advisor to KB US Holdings
October 14, 2020
Solomon Partners is serving as M&A advisor to KB US Holdings, parent of Kings Food Markets and Balducci’s Food Lover’s Market, in its Chapter 11 bankruptcy proceedings. After conducting an auction, Kings and Balducci’s will be sold as a going concern to ACME Markets, a division of Albertsons, who outbid the stalking horse bidder TLI Bedrock. These stores employ over 2,000 teammates.
The transaction was led by Scott Moses, Head of Grocery, Pharmacy & Restaurants, with support from Joshua Heft, Eric Yan, Alex Kozan and Jami Goodman.
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