The next chapter in the saga of Marsh Supermarkets is about to unfold as its owner, Sun Capital Partners, prepares to put
the grocery chain up for sale.
IBJ reporter Cory Schouten writes that Sun has hired William Blaire & Co., a Chicago investment bank, to seek offers. The next owner probably will be a grocery chain, not another private equity firm like Sun, Schouten reported. Read his story here.
Three years after its acquisition, Marsh is a very different company, and not just because its convenience stores, catering business and real estate holdings have been spun off.
In the years when Marsh was a public company, shareholders would show up at annual meeting after annual meeting to complain about lavish spending in the “C” offices, only to be brushed off. Then in March this year Marsh sued former CEO Don Marsh, claiming he took trips around the world and otherwise basically spent a lot of company money on himself.
Now that Marsh is being operated with a greater emphasis on the bottom line, is the shopping experience any different? Can you tell new management is at the helm? Is the experience better or worse?