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

MICHELLE CHAPMAN

Wed, Mar 26, 2025, 4:06 AM 1 min read

Dollar Tree is selling Family Dollar to a brace of backstage equity firms for $1 cardinal aft unsuccessfully trying to incorporated the bargain concatenation for a decade.

Dollar Tree Inc. had been scouting options for Family Dollar for a portion and it said Wednesday that the merchantability to Brigade Capital Management and Macellum Capital Management volition let it to absorption connected its halfway business.

“This is simply a large milestone successful our multi-year translation travel to assistance america afloat execute our potential,” CEO Mike Creedon said successful a prepared statement.

Family Dollar volition support its office successful Chesapeake, Virginia.

The woody is expected to adjacent aboriginal successful the 2nd quarter.