From Yahoo Finance: 2025-03-26 07:06:00

Dollar Tree is selling Family Dollar to private equity firms for $1 billion after a decade of unsuccessful integration attempts. The sale to Brigade Capital Management and Macellum Capital Management will allow Dollar Tree to focus on its core business and marks a major milestone in their transformation journey.

CEO Mike Creedon stated, “This is a major milestone in our multi-year transformation journey to help us fully achieve our potential.” Family Dollar will maintain its headquarters in Chesapeake, Virginia and the deal is expected to close later in the second quarter.

Read more: Dollar Tree selling Family Dollar to a pair of private equity firms for $1 billion