What is Bashas'?
Founded in 1932 and headquartered in Chandler, Arizona, Bashas' Family of Stores is a long-standing, family-owned grocer. The company operates a diverse portfolio of supermarket brands, including Food City, AJ's Fine Foods, Eddie's Country Store, and both Bashas' and Bashas' Dine supermarkets. This multi-brand strategy allows Bashas' to cater to a wide range of consumer demographics across its operating regions.
How much funding has Bashas' raised?
Bashas' has raised a total of $280M across 2 funding rounds:
Debt
$185M
Debt
$95M
Debt (2011): $185M with participation from Tennenbaum Capital Partners, Stone Tower Capital, GB Merchant Partners, and Wells Fargo Capital Finance
Debt (2012): $95M led by GA Capital
Key Investors in Bashas'
GA Capital
GA Capital is an entity involved in the company's debt financing.
Tennenbaum Capital Partners
Tennenbaum Capital Partners is an alternative investment management firm specializing in direct lending and special situations for middle-market companies, managing substantial committed capital for institutional investors.
Wells Fargo Capital Finance
Wells Fargo Capital Finance provides a range of financing solutions, including asset-based lending and traditional commercial finance, to businesses across various industries.
What's next for Bashas'?
The recent major strategic investment suggests Bashas' is poised for further expansion or operational enhancements. Given its extensive history and established market footprint, this capital infusion is likely to support initiatives aimed at modernizing store operations, expanding its digital presence, or potentially acquiring complementary businesses. The company's ability to attract significant backing indicates continued confidence in its business model and future growth prospects within the competitive grocery industry.
See full Bashas' company page
