P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Hiller’s Market (“Hiller’s” or the “Company”) of Southfield, in its successful sale to The Kroger Company (NYSE: KR) (“Kroger”) of Cincinnati, OH.
Founded in 1941, Hiller’s Market (www.hillers.com) operated as a market-leading, premium branded full-service grocer with seven locations in Southeastern Michigan. The Hiller’s locations offers national food brands and locally-produced Michigan products with a diverse mix of premier products, gourmet delectable, and specialty and ethnic food products. For over seven decades, the Hiller’s name has been synonymous with quality product and excellent customer service.The Kroger Co. (NYSE:KR) is one of the world’s largest grocery retailers, with fiscal 2014 sales of $108.5 billion.
The Kroger Co. Family of Stores spans many states with store formats that include grocery and multi-department stores, discount, convenience stores and jewelry stores. They operate under nearly two dozen banners, all of which share the same belief in building strong local ties and brand loyalty with their customers.
Jim Hiller selected PMCF to serve as the exclusive financial advisor for the transaction, noting, “PMCF’s dedication to its clients was apparent throughout the transaction process, providing critical support every step of the way. I would highly recommend PMCF to any company considering a potential transaction.”
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