The dollar store industry is getting ready to consolidate again now that Dollar General has agreed to acquire more than 300 Dollar Express locations.
Our nation’s dollar store chains are no strangers to mergers and acquisitions.
Back in 2015, we got word that Dollar Tree would acquire Family Dollar in an acquisition that was ultimately completed last year.
In order to allay anti-competitive fears, the Federal Trade Commission (FTC) required Dollar Tree to sell 323 Family Dollar stores to private equity firm Sycamore Partners.
Those 323 Family Dollar stores were then re-branded as Dollar Express locations by the private equity firm in November 2015.
Now Sycamore has struck a deal with Dollar General for the dollar-store chain to buy those 323 stores operating across 36 states — pending regulatory approval.
Read the full story at Clark.com.
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