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%
Tracked Locations
CA (2)
Los Angeles
6927 Main St
Los Angeles, CA 90001
555-252-9807
Los Angeles
9023 Main St
Los Angeles, CA 90001
555-594-9243
CO (1)
Denver
9239 Main St
Denver, CO 80201
555-111-2519
FL (1)
Miami
9891 Main St
Miami, FL 33101
555-925-3972
IL (1)
Chicago
342 Main St
Chicago, IL 60601
555-844-1524
OH (1)
Cleveland
358 Main St
Cleveland, OH 44101
555-273-2692
PA (2)
Pittsburgh
2719 Main St
Pittsburgh, PA 15201
555-502-1933
Pittsburgh
560 Main St
Pittsburgh, PA 15201
555-869-1778
TX (2)
Austin
3317 Main St
Austin, TX 73301
555-616-9839
Austin
4968 Main St
Austin, TX 73301
555-636-3115