Funds managed by affiliates of Apollo have acquired Tony’s Fresh Market (Tony’s), a Chicago-based grocery retailer.
Established in 1979, Tony’s is a specialty grocer that offers high-quality, affordable groceries with an inclusive assortment aimed at the diverse communities it serves. A large selection of fresh produce, extensive multicultural offerings and a wide range of prepared foods gives Tony’s a differentiated position in the market.
Across its platform, Apollo has an extensive and successful track record investing in grocery companies, including leading franchises such as The Fresh Market, Sprouts Farmers Market, Smart & Final, Albertsons and more, through both past and present fund investments.
Read more: Private Equity Wire
