Private equity giant acquires Tony’s Fresh Market

Tony’s New Market, the household-owned Chicago space grocery chain that arrived in North Riverside in 2008 just before decamping to the Cermak Plaza in Berwyn a ten years later on, has been obtained by Apollo World-wide Administration, a New York-based mostly personal equity fund.

Phrases of the offer weren’t introduced. According to Apollo’s announcement of the sale, associates of Tony’s founding relatives will “partner” as each shareholders and as administration in the foreseeable future.

“My relatives has been feeding our communities for generations and are incredibly enthusiastic to lover with Apollo to construct on that legacy of fresh new and healthy foods, at an cost-effective rate and delivered with respect to the many cultures of our shoppers,” stated Frank Ingraffia, the CEO of Tony’s and a member of the company’s founding spouse and children.

You may also like