EarthFare purchased for $300million by Oak Hill Capital Partners

Posted on — Bill Rhodes

According to the website progressive grocer, Private equity firm Oak Hill Capital Partners has acquired an 80 percent interest in Fletcher, N.C.-based Earth Fare from Monitor Clipper Partner, a Cambridge, Mass.-based equity firm.

The transaction values the natural and organic food supermarket at approximately $300 million. Oak Hill Capital is investing in partnership with Earth Fare’s current management team and Monitor Clipper, which retains a minority interest.

Founded in 1975 in Asheville, N.C., Earth Fare has 25 stores across the Southeastern and Midwestern United States. The natural and organic food retailer is known for its strict ingredient standards, banning high-fructose corn syrup, artificial fats and trans fats, artificial colors, flavors, and preservatives, as well as antibiotics and synthetic growth hormones in fresh meats and dairy.

Oak Hill Capital also own the drug store chain Duane Reed and Travel Centers of America, a chain of truck-stop gas and convenience stores.

SHARE

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

0 thoughts on “EarthFare purchased for $300million by Oak Hill Capital Partners”

  1. mat catastrophe

    First the Grove Park, now this….

    What’s next? The water system?

    Oh…..

Leave a Reply to mat catastrophe ×

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.