Cardenas Markets, LLC

Cardenas Markets, LLC operates as a grocery retailer focused on delivering a wide variety of food products tailored to the Latin American community, enhancing cultural shopping experiences across numerous locations. Founded in 1981, Cardenas Markets, LLC is a grocery retailer headquartered in Ontario, US, specializing in food products for the Latin American community. Doug Sanders and Eric Stover lead the company. In June 2022, Apollo Global Management acquired Cardenas Markets from KKR and Victory Park Capital, reinforcing its market presence.

The company has participated in 2 deals since its inception, with the most recent deal occurring on June 13, 2022. Cardenas Markets, LLC primarily operates as a grocery retailer specializing in a diverse range of food products that cater to the tastes and preferences of the Latin American community. The company's core offerings include fresh produce, meat and seafood, dairy, deli items, bakery products, and authentic Mexican foods, with a strong emphasis on its signature Tortilleria products. The company serves individual consumers, local businesses, and restaurants, utilizing various distribution channels across the United States.

Additionally, Cardenas Markets provides meal delivery services through partnerships with platforms such as Instacart and DoorDash. Cardenas Markets generated revenue of USD 628. 00 mn in 2015 through retail sales of grocery products. The transaction structure involves in-store purchases, online orders, and delivery services.

The company also engages in business-to-business partnerships, supplying its signature Tortilleria products to local restaurants and food service industries, thereby expanding its revenue streams. Following the acquisition in June 2022, Cardenas Markets, LLC plans to utilize the new investment to expand its footprint across the western and mid-west United States. While specific new products were not detailed, the strategic aim is to enhance market reach and availability of its diverse offerings.