Marsh Supermarkets
Encyclopedia
Marsh Supermarkets is a retail food chain headquartered in Indianapolis
, Indiana
, with stores throughout Central Indiana and parts of Ohio. Its parent company is Sun Capital Partners, headquarterd in Boca Raton, Florida
.
, the company went public in 1953 and has since grown to 97 locations. Of the 97 locations, 69 are marketed as Marsh Supermarkets, 3 are O’Malia’s Market and 25 are the MainStreet Market banner.
One of Marsh's most distinguishing features has been its innovation and early adoption of retail technology. On June 26, 1974, a Marsh location in Troy
, Ohio
, became the first grocery store in the world to use a bar code scanner.
to investigate the possible sale of the company. In April 2006 the company signed a letter of intent to be purchased by an affiliate of Sun Capital Partners, a Florida
-based investment firm that specializes in leveraged buyouts. The deal would allow Sun Capital to purchase all outstanding Marsh shares for $11.13 per share, for a total of approximately $88 million.
On September 27th MSH Supermarkets, Inc., an affiliate of Sun Capital, completed the acquisition of Marsh Supermarkets, Inc. (Nasdaq: MARSA) (Nasdaq: MARSB) (Marsh) for a total purchase price of approximately $325 million. Frank Lazaran was appointed President and CEO of Marsh, as a result of Don Marsh's previously announced resignation.
In June 2007, Sun Capital Partners announced that they would be splitting Village Pantry Convenience Stores from Marsh. Village Pantry now reports directly to Sun Capital Partners.
In May 2011, Frank Lazaran departed as the Marsh President and CEO for family reasons. Sun Capital brought in Joe Kelley as the new President and CEO. Joe Kelley brings over 25 years of experience to Marsh from his past positions at Purity Supreme, A&P, Bozzuto’s, Inc., Adams Hometown Markets and Price Chopper Supermarkets.
Indianapolis, Indiana
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
, Indiana
Indiana
Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...
, with stores throughout Central Indiana and parts of Ohio. Its parent company is Sun Capital Partners, headquarterd in Boca Raton, Florida
Boca Raton, Florida
Boca Raton is a city in Palm Beach County, Florida, USA, incorporated in May 1925. In the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. However, the majority of the people under the postal address of Boca Raton, about...
.
History
Founded in 1931 in MuncieMuncie, Indiana
Muncie is a city in Center Township, Delaware County in east central Indiana, best known as the home of Ball State University and the birthplace of the Ball Corporation. It is the principal city of the Muncie, Indiana, Metropolitan Statistical Area, which has a population of 118,769...
, the company went public in 1953 and has since grown to 97 locations. Of the 97 locations, 69 are marketed as Marsh Supermarkets, 3 are O’Malia’s Market and 25 are the MainStreet Market banner.
One of Marsh's most distinguishing features has been its innovation and early adoption of retail technology. On June 26, 1974, a Marsh location in Troy
Troy, Ohio
* - Sports :In addition to Troy High School athletics, Troy is home to the Miami Valley Silverbacks indoor football team of the Continental Indoor Football League....
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, became the first grocery store in the world to use a bar code scanner.
Sale and acquisition
Citing increased competition, Marsh announced on November 29, 2005, that it had engaged Merrill LynchMerrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
to investigate the possible sale of the company. In April 2006 the company signed a letter of intent to be purchased by an affiliate of Sun Capital Partners, a Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
-based investment firm that specializes in leveraged buyouts. The deal would allow Sun Capital to purchase all outstanding Marsh shares for $11.13 per share, for a total of approximately $88 million.
On September 27th MSH Supermarkets, Inc., an affiliate of Sun Capital, completed the acquisition of Marsh Supermarkets, Inc. (Nasdaq: MARSA) (Nasdaq: MARSB) (Marsh) for a total purchase price of approximately $325 million. Frank Lazaran was appointed President and CEO of Marsh, as a result of Don Marsh's previously announced resignation.
In June 2007, Sun Capital Partners announced that they would be splitting Village Pantry Convenience Stores from Marsh. Village Pantry now reports directly to Sun Capital Partners.
In May 2011, Frank Lazaran departed as the Marsh President and CEO for family reasons. Sun Capital brought in Joe Kelley as the new President and CEO. Joe Kelley brings over 25 years of experience to Marsh from his past positions at Purity Supreme, A&P, Bozzuto’s, Inc., Adams Hometown Markets and Price Chopper Supermarkets.