Byerly's

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Byerly's - overview

Established

1939

Location

Edina, MN, US

Primary Industry

Retail

About

Byerly's is a grocery retailer offering high-quality food products and services. Known for its gourmet offerings, the company provides a diverse selection of fresh produce, meats, and organic items, catering to health-conscious consumers. Byerly's operates as a grocery retailer, having been acquired by Lund Food Holdings, Inc. in April 1997.


It was founded in Edina, US, in 1939, and has since focused on delivering quality food products. The company has successfully completed two deals to strengthen its market position. Lunds & Byerlys is a premier grocery retailer known for its extensive selection of high-quality food products and services. The company offers a diverse range of products, including fresh produce, meats and seafood, dairy, bakery items, pantry staples, beverages, and health and beauty products.


Their core offerings are centered around delivering fresh and organic foods, ready-to-eat meals, and gourmet items, catering to health-conscious consumers and those seeking premium culinary experiences. The company's stores are strategically located in various urban and suburban areas across Minnesota, serving a clientele that includes families, professionals, and food enthusiasts. Lunds & Byerlys emphasizes local sourcing and sustainability, often featuring products from regional farms and producers, thereby supporting the local economy while providing customers with fresh and seasonal options. Lunds & Byerlys generates revenue primarily through direct sales at its retail grocery locations, which operate on a business-to-consumer (B2C) model.


The company employs a traditional retail transaction structure where customers purchase products in-store, complemented by a reserve pickup service that allows customers to order online and collect their groceries at designated locations. In addition to grocery items, the company may offer catering services for events, enabling clients to select from a range of specialty cakes and party platters. The pricing structure for their products reflects the premium quality of their offerings, with a significant focus on organic and local items, which often command higher price points. Flagship products may include their proprietary brands of baked goods and prepared meals, which cater to both everyday shoppers and those seeking gourmet options for special occasions.


While specific new products are not detailed, Lunds & Byerlys is focused on enhancing its offerings to align with consumer trends. The company continues to explore opportunities for expansion in new markets within Minnesota, although exact locations and timelines have not been specified. Given the acquisition by Lund Food Holdings, Inc. in April 1997, the firm aims to leverage this relationship to support growth initiatives and improve product offerings.


Primary Industry

Retail

Sub Industries

Supermarkets & Grocery Stores

Website

www.lundsandbyerlys.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Byerly's - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedByerly's-
BuyoutCompletedByerly's-

Displaying 1 - 2 of 2

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.