Southeastern Grocers (Winn-Dixie/Bi-Lo)
Lone Star Funds acquired the grocery chains via LBO, loaded debt, and failed to invest in stores. Filed Chapter 11 in 2018 with $1B+ in debt. Emerged diminished, eventually sold.
- FOUNDED
- 1925
- ACQUIRED
- Lone Star Funds, 2005, $3.6 billion
- IMPACTS
- 1 documented
Find a local alternative
Look for co-ops and independent grocers instead.
check if a business is PE-ownedexcludes A&P (Great Atlantic & Pacific Tea), Fairway Market, Marsh Supermarkets
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1925
Southeastern Grocers (Winn-Dixie/Bi-Lo) founded
2005
Acquired by Lone Star Funds for $3.6 billion
2018
Lone Star Funds bankrupted Winn-Dixie/Bi-Lo parent with $1B+ in LBO debt
CriticalClosure / BankruptcyLone Star Funds loaded debt onto the Southeastern Grocers chain (Winn-Dixie, Bi-Lo, Harveys). Filed Chapter 11 in March 2018 with over $1 billion in debt. ~38,000 workers affected. Emerged diminished and eventually sold.
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Winn-Dixie Parent Southeastern Grocers Files Bankruptcy
Before / After
MetricBefore PEAfter PEΔ
Jobs affected
reported 2018
before 38,000+ employees
after Bankrupt, sold off
-100%
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