JACKSONVILLE, Fla. — Bi-Lo Holdings is preparing to go public, according to a Reuters report published Tuesday afternoon.
Bi-Lo Holding is the parent company of Bi-Lo and Winn-Dixie grocery stores and has hired Citigroup, Credit Suisse and Deutsche Bank in relation to going public, Reuters reported, citing unnamed sources.
Bi-Lo has been steadily expanding its footprint, most recently with the acquisition of three banners — Sweetbay, Harveys and Reid's — from Delhaize in a deal worth $265 million earlier this year. That deal included 72 Sweetbay stores, leases for 10 prior Sweetbay locations, 72 Harveys stores and 11 Reid's stores, for a total of 165 stores and 10,000 employees throughout the Southeast.
Nearly 500 Winn-Dixie locations were acquired by Bi-Lo in 2011.