Dollar Tree sells Family Dollar to private equity firms for $1 billion
Updated: 6:53 AM CDT Mar 26, 2025
Charlie Neibergall
FILE - A woman leaves a Dollar Tree store in Urbandale, Iowa, on Feb. 25, 2021. (AP Photo/Charlie Neibergall, file)
SOURCE: Charlie Neibergall
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Dollar Tree sells Family Dollar to private equity firms for $1 billion
Updated: 6:53 AM CDT Mar 26, 2025
Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after unsuccessfully trying to incorporate the bargain chain for a decade.Dollar Tree Inc. had been scouting options for Family Dollar for a while and it said Wednesday that the sale to Brigade Capital Management and Macellum Capital Management will allow it to focus on its core business.“This is a major milestone in our multi-year transformation journey to help us fully achieve our potential,” CEO Mike Creedon said in a prepared statement.Family Dollar will keep its headquarters in Chesapeake, Virginia.The deal is expected to close later in the second quarter.
Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after unsuccessfully trying to incorporate the bargain chain for a decade.
Dollar Tree Inc. had been scouting options for Family Dollar for a while and it said Wednesday that the sale to Brigade Capital Management and Macellum Capital Management will allow it to focus on its core business.
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“This is a major milestone in our multi-year transformation journey to help us fully achieve our potential,” CEO Mike Creedon said in a prepared statement.
Family Dollar will keep its headquarters in Chesapeake, Virginia.
The deal is expected to close later in the second quarter.
