BRS Announces Sale of Wilson Farms to 7-Eleven
NEW YORK, April 27, 2011 - Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announced today that WFI Acquisition Inc. has signed an agreement to sell Wilson Farms, Inc. to 7-Eleven, Inc.
Wilson Farms, headquartered in Buffalo, New York, operates approximately 188 convenience stores under the Wilson Farms, Sugarcreek and Wilson Farms Xpress brands. The company’s stores are located in Central and Western New York State in established metropolitan areas and surrounding suburbs. Wilson Farms’ primary products include an extensive line of grocery, frozen and dairy products, as well as gasoline in select locations.
Tom Baldwin, Managing Director of BRS, said, “Our partnership with Wilson Farms has been very positive. Since our investment in 2005, the company has demonstrated strong financial performance, including growth throughout the recent recession. The entire organization contributed to this success and we wish them all the best.”
Paul Nanula, President and CEO of Wilson Farms, said “BRS was an excellent partner, providing valuable strategic guidance and capital support throughout the investment. We now look forward to working with 7-Eleven and continuing to support our customers with the highest level of service and quality.”
BMO Capital Markets acted as exclusive financial advisor to Bruckmann, Rosser, Sherrill & Co. and the Nanula family in the sale of Wilson Farms, Inc. to 7-Eleven, Inc.
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