Los Altos Ranch Market

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Los Altos Ranch Market - overview

Established

1982

Location

Phoenix, AZ-Arizona, US

Primary Industry

Retail

About

Los Altos Ranch Market operates as a grocery retailer focused on delivering authentic Latin American culinary products to diverse communities, particularly in the Southwestern United States. Los Altos Ranch Market provides a range of grocery products tailored to Latin American tastes, headquartered in Phoenix, US. Founded in 1982, the company was acquired by Cardenas Markets LLC, a portfolio company of KKR, in October 2017. The founder’s history is not publicly available.


Los Altos Ranch Market specializes in offering a variety of grocery products that embody authentic Latin American flavors. Their core products include fresh produce, meat and seafood, dairy and deli items, tortilleria products, bakery goods, and essential grocery items. Their signature product line, Cardenas Signature Tortilleria, targets local businesses, restaurants, and the food service sector by promoting high-quality tortillas and related products. The company serves a broad customer base, including families seeking authentic ingredients and businesses looking for wholesale options, primarily operating in the Southwestern United States, with a strong presence in California.


Los Altos Ranch Market generates revenue through direct retail sales at its various store locations and online delivery platforms such as Instacart, DoorDash, and Amazon. Customers engage in transactions as individual consumers shopping in-store or through partnerships that cater to businesses needing bulk purchases. The company emphasizes its signature tortilleria items and seasonal promotions, structuring transactions to support both B2C and B2B models, ensuring competitive pricing while maintaining quality standards. Following its acquisition in October 2017, Los Altos Ranch Market seeks to enhance its product line and expand its market presence.


The company is currently in the process of developing new products aimed at enriching its grocery offerings, though specific details on release dates have not been disclosed. Plans for geographic expansion include targeting additional locations in California and possibly other Southwestern states by 2025, supported by funding from the acquisition that will facilitate market entry and product development initiatives.


Current Investors

Cardenas Markets, LLC

Primary Industry

Retail

Sub Industries

Supermarkets & Grocery Stores

Website

www.losaltosranchmarket.com

Company Stage

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Total Amount Raised

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Los Altos Ranch Market - 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)
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