Terms of the transaction are not being disclosed. “The transaction is subject to customary closing conditions and approval by the FTC. “I can confirm that we’ve reached a definitive agreement with Dollar Express LLC to acquire all 323 of Dollar Express’s store locations,” spokeswoman Crystal Ghassemi said. Here’s a map of the stores: Dollar Express locationsĬ reached out to Dollar General’s media relations department for comment and received the following: Now Sycamore has struck a deal with Dollar General for the dollar-store chain to buy those 323 stores operating across 36 states - pending regulatory approval.
Those 323 Family Dollar stores were then re-branded as Dollar Express locations by the private equity firm in November 2015. Learn more about Dollar General at Responsible for the management of all employees in the. In order to allay anti-competitive fears, the Federal Trade Commission (FTC) required Dollar Tree to sell 323 Family Dollar stores to private equity firm Sycamore Partners. Dollar General operated 17,266 stores in 46 states as of February 26, 2021. Our nation’s dollar store chains are no strangers to mergers and acquisitions.īack in 2015, we got word that Dollar Tree would acquire Family Dollar in an acquisition that was ultimately completed last year.
Read more: Dollar General is among the least expensive retailers in America 323 Dollar Express stores to be sold to Dollar General The dollar store industry is getting ready to consolidate again now that Dollar General has agreed to acquire more than 300 Dollar Express locations. Dollar General As with rival Dollar Store, publicly Dollar General mainly caters to shoppers on a tight budget, with many of its 16,720 stores in 46 states located.