---
schema_version: "secwatch.filing_event.v1"
accession: "0001771515-24-000007"
form_type: "8-K"
ticker: "GO"
cik: "0001771515"
company_name: "Grocery Outlet Holding Corp."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:23:29.763977+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Grocery Outlet to acquire United Grocery Outlet for $62M; expands into Southeast

## Summary
- Cash purchase price ~$62M for 40 discount grocery stores across TN, NC, GA, AL, KY, VA.
- Acquisition expected to close early Q2 2024, subject to customary conditions.
- Deal expected to be modestly accretive to 2024 earnings; to be discussed on Q4 2023 call Feb 27.
- Company plans 55-60 net new stores in 2024, including UGO and 15-20 in existing markets.

## SEC filing metadata
- accession: 0001771515-24-000007
- form_type: 8-K
- ticker: GO
- cik: 0001771515
- company_name: Grocery Outlet Holding Corp.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000007/0001771515-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000007/go-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001771515-24-000007
- JSON: https://secwatch.observer/filing/0001771515-24-000007.json
- Plain text: https://secwatch.observer/filing/0001771515-24-000007.txt

## Key facts
- Material Agreements
  Grocery Outlet Holding Corp. entered into Stock Purchase Agreement with BBGO Acquisition, Inc., specified beneficial owners, and Southvest Fund VII, L.P. valued at approximately $62 million in cash (effective 2024-02-14).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: BBGO Acquisition, Inc., specified beneficial owners, and Southvest Fund VII, L.P.
  - Value: approximately $62 million in cash
  - Effective: 2024-02-14
  source text: On February 14, 2024, Grocery Outlet Inc., a California corporation (the "Buyer"), a wholly owned subsidiary of Grocery Outlet Holding Corp. (the "Company" or "Grocery Outlet"), entered into a Stock Purchase Agreement (the "Purchase Agreement") with BBGO Acquisition, Inc., a Delaware corporation ("Holdings"), specified parties therein that beneficially own Holdings (the "Sellers"), and Southvest Fund VII, L.P., a Delaware limited partnership (the "Sellers' Representative", and together with the Sellers, the "Seller Parties" and, together with Holdings and the Buyer, the "Parties") to acquire all of the issued and outstanding capital stock of Holdings for approximately $62 million in cash, subject to customary purchase price adjustments (the "Transaction").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000177151524000007/0001771515-24-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.