J.P. Morgan, Others Advise on Spartan Stores/Nash Finch Merger
Spartan Stores and Nash Finch Company announced the completion of their merger. J.P. Morgan Securities served as financial advisor for Nash Finch, and Moelis & Company acted as financial advisor for Spartan Stores.
Spartan Stores will use the corporate name “SpartanNash Company,” with the official name change to “SpartanNash” expected to become effective at the annual shareholders meeting in May 2014. The combined company will continue to conduct business as Spartan Stores, Nash Finch and MDV in their respective markets.
“This merger brings together two highly complementary organizations to form a leader in the grocery wholesale, retail and military commissary and exchange channels,” said Dennis Eidson, president and CEO of Spartan Stores. “We would like to thank all of our stakeholders, including our shareholders, associates, customers and suppliers, for their support in completing this significant achievement. We look forward to leveraging our new platform with its broader customer base and geographic reach to create significant long-term value for our shareholders.”
SpartanNash is a Fortune 500 company and the largest food distributor by revenue serving military commissaries and exchanges in the U.S.