Earth Fare, Inc.

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Earth Fare, Inc. - overview

Established

1975

Location

Fletcher, NC, US

Primary Industry

Retail

About

Earth Fare, Inc. specializes in providing health-focused food products sourced from natural ingredients, catering to consumers seeking quality nutrition and ethical sourcing in their dietary choices. Founded in 1975 in Fletcher, US, Earth Fare, Inc. operates as a health-centric grocery retailer.


The company underwent a significant transition when Oak Hill Capital Partners acquired it from Monitor Clipper Partners in April 2012 for USD 300 mn. Currently, the company is led by CEOs Frank Scorpiniti and Jack Murphy. Earth Fare offers a broad selection of health-focused food products, including fresh produce, organic meats, and prepared meals. Their commitment to American Humane Certified items like boneless skinless chicken breasts and grass-fed ground beef resonates with health-conscious consumers.


The company serves a diverse clientele across the United States through its physical retail locations, providing convenient access to fresh and nutritious food options. Earth Fare generates revenue through direct-to-consumer sales at its retail stores, with transactions encompassing a variety of products such as prepared meals, artisan bakery items, and fresh produce. Their competitive pricing strategy, especially for offerings like roasted chickens and artisan bread, aims to attract repeat customers. The company also implements promotional pricing strategies, including bulk purchase discounts and meal deals, to enhance customer loyalty and drive sales volume.


Looking ahead, Earth Fare plans to leverage its recent funding from the Secondary Buyout in April 2012, totaling USD 300 mn, to expand its product offerings and enhance its market presence. The company is focusing on launching new health-focused products tailored to consumer trends, as well as exploring opportunities to enter new geographic markets across the United States to meet the growing demand for health-conscious food options.


Current Investors

Monitor Clipper Partners, Oak Hill Capital

Primary Industry

Retail

Sub Industries

Supermarkets & Grocery Stores

Website

www.earthfare.com

Total Amount Raised

Subscriber access only

Earth Fare, Inc. - 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)
Secondary BuyoutCompletedEarth Fare, Inc.-
RecapitalisationCompletedEarth Fare, Inc.-

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