Resilient Media Entertainment

Thursday, June 7, 2012

Savers, Inc. Enters Into Financial Partnership With Leonard Green & Partners, L.P. And TPG @PrNewswire @resilient_ent


Savers, Inc. ("Savers" or the "Company"), the largest privately-held thrift store chain in North America, today announced that definitive agreements have been executed with affiliates of leading private equity firms Leonard Green & Partners, L.P. ("LGP") and TPG to recapitalize the company in partnership with Savers' Chairman Thomas Ellison and the management team.

The new alliances are a move to further position Savers for success in the resale business and ensure a superior customer experience with continued growth in store operations, non-profit partner development and new store expansion. The transaction is expected to be completed in July.

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