BB&T Capital Markets Serves As Exclusive Financial Advisor to The Bargain Barn, Inc. in Its Sale to Gen Cap America
On October 1, 2017, The Bargain Barn, Inc. ("Bargain Barn" or the "Company") (d.b.a. United Grocery Outlet) was acquired by Gen Cap America. BB&T Capital Markets served as exclusive financial advisor to Bargain Barn.
About the Companies
Founded in 1974, Bargain Barn operates 37 retail locations across Tennessee, North Carolina, Georgia, Kentucky, and Alabama and currently has over 900 employees. Bargain Barn specializes in liquidating closeouts, factory seconds, irregulars, and overstocked products. Over its 43-year history, the Company has cultivated longstanding relationships with large food manufacturers and has established itself as a preferred solutions provider in the secondary market.
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.