Mr. Moses has advised clients in some of the largest and most significant retail M&A transactions over the past two decades, with a combined transaction value of more than $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). Scott Moses is a Managing Director, Head of the Grocery, Pharmacy & Restaurants Investment Banking practice at PJ SOLOMON, and a member of the Firm’s Operating Committee. He specializes in retail sector strategic and financial advice, with a focus on mergers, acquisitions, sales and divestitures of traditional and specialty food and drug retailers and restaurants.
These Kings and Balducci’s stores employ approximately 3,000 associates, who have been doing extraordinary work serving their New York and D.C. suburban customers during the ongoing crisis, clearly demonstrating the critically essential role our supermarkets play in communities all around the country. It is an honor to serve the KB team, as they have helped sustain families in New York, New Jersey, Connecticut, Maryland and Virginia during this difficult period.22 March 2021
Through the relicensing program, Save A Lot is transitioning to a pure-play wholesale model (with the exception of 21 stores in its home St. Louis market), which will allow the company to be completely focused on its core mission of providing over 200 Save A Lot retail partners and their customers high-quality groceries at low prices every day. Kenneth McGrath and the Save A Lot team have been doing extraordinary work this year, across over 1,000 store communities, demonstrating the importance of making affordable groceries available to customers, particularly during this very challenging economic time.22 March 2021
As Amazon/Whole Foods, Walmart/Sam’s, Target, Costco, BJ’s, Aldi, Dollar General, Dollar Tree/Family Dollar, Walgreen, CVS and Ahold/Hannaford continue to use their enormous size, and very low cost of capital to make extraordinary investments in their powerful, ubiquitous store and online grocery ecosystems, it is ever more critical for regional grocers to build the scale required to enable them to also invest in price, people, marketing, technology and growth (albeit far less given their relative size). This transaction is a clear reflection of that imperative. It has been a true honor to help these two local pillars, both beloved for generations and based in my home state of New York, to enhance their ability to continue to serve their teams, customers and communities across the Northeast, particularly after the heroic service they have provided over the past year.22 March 2021