Southeastern Grocers (Winn-Dixie/Bi-Lo)
PE-Owned1 Documented ImpactLone 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.
Ownership Information
Southeastern Grocers (Winn-Dixie/Bi-Lo) is owned by Lone Star Funds. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Southeastern Grocers (Winn-Dixie/Bi-Lo) founded
Acquired by Lone Star Funds for $3.6 billion
Lone Star Funds bankrupted Winn-Dixie/Bi-Lo parent with $1B+ in LBO debt
Lone 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.
Winn-Dixie Parent Southeastern Grocers Files Bankruptcy
Jacksonville Business Journal →Before vs. After PE Acquisition
Jobs affected
Reported 2018
Before PE
38,000+ employees
After PE
Bankrupt, sold off
↓ 100%
Community Reviews
Share your experience →Tracked Locations
CA (1)
San Diego
4659 Main St
San Diego, CA 92101
555-236-9910
FL (2)
Orlando
6086 Main St
Orlando, FL 32801
555-381-9039
Orlando
2772 Main St
Orlando, FL 32801
555-972-8164