Once Pamida's chain-wide conversions are complete, the company plans to accelerate the addition of new Shopko Hometown stores in the second half of 2012 and into 2013. Both companies are owned by affiliates of Sun Capital Partners, Inc., a leading private investment firm focused on leverage buyouts, equity, debt, and other investments in market-leading companies.
"This is an exciting move for Pamida, and the Shopko Hometown format will offer our customers an even better retail experience and a new and differentiated product offering that is not currently available in the smaller communities we serve," said Harlow.
"Pamida's great associates, store locations, focus on personalized service, and commitment to giving back in our local communities are all ideal complements to Shopko."
Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko Stores Operating Co., LLC is a $2 billion retailer that operates 149 stores in 13 states throughout the Midwest, Mountain and Pacific Northwest regions.
Founded in 1963 and headquartered in Omaha, Nebraska, Pamida operates 193 stores in 17 states, primarily in the Mountain, North Central and Midwest regions and carries a wide variety of general merchandise including apparel, home and electronics, seasonal items, toys, housewares and groceries.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience.