CHANDLER, ARIZ. – Bashas’ Family of Stores has signed a definitive agreement to be acquired by Raley’s Holding Company, an independent regional grocer based in California.  

Highlights of the agreement include: 

  • Bashas’ will continue to serve customers across Arizona and New Mexico and its Tribal Nation Partners, including the Navajo Nation, White Mountain Apache, San Carlos Apache, and Tohono O’odham. 
  • Bashas’ will be a fully formed operating company within the Raley’s enterprise and will maintain its corporate headquarters, stores, and distribution center in Arizona.  
  • The transaction will protect the store banners customers know and love with no changes to local store leadership. 
  • There are no planned changes to employee roles, compensation, or benefits as a result of the transaction. 

“Today marks an important milestone in the ongoing legacy of two great companies. We are humbled to assume stewardship of the Bashas’ organization. Raley’s history of respecting the legacy of the brands we acquire assures continuity for Bashas’ customers, employees, and business partners and, on behalf of our 13,000 employees, I want to welcome Bashas’ team members to our organization,” said Keith Knopf, president and CEO of Raley’s. “The Bashas’ company is strong and well-positioned in the market. We are confident that with our robust digital capabilities and combined purchasing power, we can further enhance the overall customer experience.”  

In this transaction, The Food Partners served as strategic and financial advisor to Raley’s, and Snell & Wilmer served as legal counsel to Raley’s. Citi served as a strategic and financial advisor, and Burch & Cracchiolo, P.A. served as lead legal counsel for Bashas’. The transaction is expected to close by the end of 2021. 

Keep up with the latest news on supermarket retailers.