Schulte is advising Albertsons Companies, one of the nation’s largest food and drug retailers, in its investment in El Rancho Supermercado. A Texas-based retailer, El Rancho will continue to operate as an independent company headquartered in Garland, Texas. The agreement with El Rancho provides Albertsons Companies an opportunity to invest in the fast-growing Latino grocery sector. The closing of Albertsons’ initial investing occurred on Nov. 15, 2017.
The Schulte team representing Albertsons was led by M&A and securities partner Michael Gilligan and associate Matthew Gruenberg. The team also included M&A and securities special counsel Gregory Kinzelman; employment & employee benefits partner Ian Levin and special counsel Stephen Brecher; tax partner Noah Beck and associate Philip Cooke; litigation partner Michael Swartz; intellectual property, sourcing & technology partner Robert Kiesel and special counsel Scott Kareff; and environmental partner Howard Epstein and associate Valerie Sheaffer.