Recent Retail Acquisitions in Virginia
Acquisition Volume in Retail in Virginia by Year
Last 5 years
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March 26, 2025
- Buyer
- Brigade Capital Management, LP, Macellum Capital Management, LLC
- Target
- Family Dollar
- Seller
- Dollar Tree, Inc.
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Divestiture
Dollar Tree has reached an agreement to divest its Family Dollar business segment to Brigade Capital Management and Macellum Capital Management. The purchase price is $1,007.0 million, subject to customary closing adjustments, with the transaction anticipated to close in the second quarter of 2025 subject to regulatory approvals and other standard conditions.
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October 1, 2024
- Buyer
- F9 Investments
- Target
- LL Flooring Holdings, Inc.
- Seller
- LL Flooring Holdings, Inc. (bankruptcy estate)
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Buyout
F9 Investments, the private equity firm controlled by LL Flooring founder Tom Sullivan, completed a going-concern purchase of LL Flooring’s assets, acquiring 219 stores, inventory, the Sandston, Virginia distribution center, intellectual property and other assets. The transaction—completed through the court-supervised Chapter 11 process—preserves the business and keeps the acquired stores open while remaining locations continue closing sales.
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September 21, 2022
- Buyer
- Global Partners LP
- Target
- Tidewater Convenience, Inc.
- Seller
- Tidewater Convenience, Inc.
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Buyout
Global Partners LP acquired Tidewater Convenience, Inc.'s 15 convenience-store locations (14 company-operated) in Southeast Virginia, expanding the Partnership's retail footprint in the mid-Atlantic. Matrix Capital Markets Group served as exclusive financial advisor to the seller.
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- Buyer
- SMO, Incorporated, The Wills Group, Inc.
- Target
- Six MAPCO retail fuel and convenience locations (from MAPCO)
- Seller
- MAPCO
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Divestiture
SMO, Incorporated (part of The Wills Group) acquired six retail fuel and convenience store locations from MAPCO, completing the transaction on March 3, 2022. The stores — located along the Virginia I-95 corridor and in Warrenton, Virginia — expand The Wills Group's Mid-Atlantic footprint and strengthen its presence in the truck diesel market.
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February 2, 2022
- Buyer
- Global Partners LP
- Target
- Miller's Neighborhood Market
- Seller
- Miller's Neighborhood Market, Miller Oil Company (Miller Oil Co.)
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Divestiture
Global Partners LP has purchased Miller's Neighborhood Market, acquiring 23 convenience stores (21 company-operated) and fuel supply agreements covering 34 locations primarily in Virginia. The acquisition expands Global's retail footprint in the mid-Atlantic region and strengthens its integrated fuel and convenience-store operations; the purchase price was not disclosed.
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November 16, 2021
- Buyer
- OneWater Marine Inc.
- Target
- Norfolk Marine Inc.
- Seller
- Jason Murphy
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Buyout
OneWater Marine Inc. has reached an agreement to acquire Norfolk Marine Inc., expanding OneWater’s presence in the Mid-Atlantic and establishing its first dealership in Virginia. Norfolk Marine is a third-generation, family-owned full-service boat dealer that generated over $20 million in sales in the prior twelve months and offers new and pre-owned boat sales, parts, finance and service; the deal was expected to close in Q4 2021.
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