AAlex Lee, Inc. is a large, privately held grocery business in the southeastern United States that combines wholesale distribution with retail banners, owning distributors like Merchants Distributors, Souto Foods, W. Lee Flowers, and Import Mex, and operating Lowes Foods and Kj’s Market. It serves nearly 2,000 wholesale stores and runs more than 140 retail locations across 13 states, employing about 15,000 people. The company supports both wholesale and retail food sales and follows a guiding philosophy: if customers and suppliers succeed, the company succeeds, backed by ongoing innovation programs and employee development. Its goal is to achieve steady growth and profitability by helping customers and suppliers succeed and by offering a place where people can learn, grow, and build lifelong careers.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$400M
Headquarters
Hickory, NC
Founded
1931
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Total Funding
$400M
Above
Industry Average
Funded Over
1 Rounds
RALEIGH, N.C., Aug. 23, 2023 /PRNewswire/ -- First Citizens Bank today announced that it served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee Inc. The five-year revolving credit facility refinanced existing debt and increased the facility size to support the company's continued business growth.Alex Lee Inc. is a family-owned and operated company based in Hickory, North Carolina whose portfolio of wholesale food distribution and retail grocery store brands includes Merchants Distributors, Souto Foods, Lowes Foods and W. Lee Flowers & Company. The company has completed several acquisitions and expansions in recent years, widening its distribution network and retail footprint."We appreciate the role that First Citizens played in arranging financing to support our continued growth in the grocery wholesale and supermarket industries," said Brian George, president & CEO at Alex Lee Inc
Alex Lee, Inc. was declared the winner in the “Large Employer” category, and Cleveland County Government in the “Small/Midsize Employer” category.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$400M
Headquarters
Hickory, NC
Founded
1931
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs