Save Mart Sold To Southern California Firm ...Middle East

Modesto, CA — A longtime Central Valley-based grocery chain has been sold to a private equity firm in Los Angeles. Save Mart Companies has been acquired by Kingswood Capital Management. Headquartered in Modesto, Save Mart has nearly 200 stores under the banners of Save Mart, Lucky California and FoodMaxx. It has 14,000 employees. There are two stores in Sonora and one in Angels Camp. “I’m excited for this opportunity with Kingswood to invest in and grow The Save Mart Companies’ family of stores,” said Chris McGarry, CEO of The Save Mart Companies. “The Piccinini family (founders) did a tremendous job in fostering a commitment to innovation and service as they built and grew this company in t

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