BJ's Acquired For $2.8 Billion
BJ's Wholesale Club has been purchased for $2.8 billion by Leonard Green & Partners and CVC Capital Partners. The BJ's board has approved the deal.
"BJ's will benefit from the continued execution of our business plan and the significant retail expertise of our new partners at LGP and CVC, as well as from continued investments in our clubs, our people and technology, and the future of our business," Laura Sen, the BJ's CEO, said in a statement.
"Our members will continue to enjoy the top-quality merchandise, outstanding savings and great service that they've come to expect from BJ's on every visit."