NEW YORK, NY--(Marketwired - July 26, 2016) - Investment banking advisory firm Peter J. Solomon Company (PJSC) today announced the appointments of Scott Moses as Managing Director and Head of the firm's Food Retail and Restaurants practice within its Global Retail Group, and Greg Grambling, who will serve as a Director on the team. Moses was previously Head of Food, Drug and Specialty Retail Investment Banking at Sagent Advisors. Grambling was a Principal on the team.
"Scott has built one of the leading food retail M&A advisory practices in the United States, particularly among family-owned grocery operators," said PJSC Founder and Chairman Peter J. Solomon and PJSC CEO Marc S. Cooper in a joint statement. "His practice builds on our firm's nearly 30-year track record of retail M&A advisory leadership and fits perfectly into our market-leading Global Retail franchise. We are excited to have Scott and Greg on board to expand our coverage of the fast-moving food retail and restaurant landscape."
Mr. Moses' experience includes some of the largest and most significant Retail M&A transactions in the past 15 years, with a combined transaction value of over $50 billion. He has been named to the "Top 50: Americas M&A Dealmakers" list by Global M&A Network (2013) and "40 Under 40" lists of promising finance professionals by IDD (2011) and The M&A Advisor (2015).
"I am thrilled to join the PJSC family and merge our practice into one of the world's foremost retail advisory franchises," said Mr. Moses. "Our food retail team will now be better equipped than ever to continue our work 'advising the families that feed America's families' while continuing our expansion advising companies in the restaurant sector."
Over the past few years, Messrs. Moses and Grambling have advised numerous clients in the food retail sector, including: Kroger on its $800 million acquisition of Roundy's; Lucky's Market on its sale of a meaningful equity stake to Kroger; United Supermarkets on its sale to Albertson's; Haggen Food & Pharmacy on the sale of its core business to Albertson's, the sale of its non-core stores to various retailers including Smart & Final, Albertson's, Gelson's, Sprouts Farmers Market, Stater Bros., 99 Ranch and Bristol Farms, and its previous sale to Comvest Partners; Sprouts Farmers Market on its merger with Henry's Farmers Market, owned at the time by Apollo Global Management; Sunflower Farmers Market on its sale to Sprouts Farmers Market; Pro's Ranch Markets on the sale of its California region stores to Vallarta Supermarkets and Weis Markets on its sale of SuperPetz to Petco.
Mr. Moses also worked at prior firms on Ahold's $7.1 billion sale of U.S. Foodservice to KKR and CD&R; Jean Coutu's $3.4 billion sale of Eckerd Drugs and Brooks Pharmacy to Rite Aid; Caremark's $22 billion merger with CVS; Cerberus' acquisition of Albertson's "non-core" stores (as part of a $17.4 billion acquisition consortium); Seven & I's $1.3 billion take-private of 7-Eleven; GameStop's $1.4 billion acquisition of Electronics Boutique and GameStop's $700 million spin-off from Barnes & Noble.
About Peter J. Solomon Company
Peter J. Solomon Company (PJSC), an investment banking advisory firm, provides strategic advice to owners, chief executives, senior management and boards of directors of companies and institutions worldwide. We advise on mergers and acquisitions, divestitures, financings, recapitalizations, restructurings, and activism defense. To date, the firm has successfully completed more than 500 strategic and financial advisory assignments.
Throughout our nearly thirty-year history, PJSC has served as a trusted advisor to our corporate clients. Joining forces with Natixis, the international corporate, investment, insurance and financial services arm of Groupe BPCE, in 2016, has resulted in an entrepreneurially-spirited company with a global M&A and financing platform and a continually increasing breadth of product offerings. Our tradition of providing unbiased advice, grounded in intellectual integrity, continues -- as does our mission to bring the collective experience and knowledge of our senior bankers and the capabilities of Natixis to each assignment as we advise our clients on how to achieve the optimum value and outcome for each transaction. For further information visit pjsc.com or follow us on LinkedIn, Facebook and Twitter @PJSCtweets.
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