A Boston-based firm is making an investment in a grocery store chain that has roots in Cornwall.
Berkshire Partners has made a “growth equity investment” in Farm Boy – a 13-store grocery chain that began as a small operation on Cumberland Street.
Terms of the investment were not disclosed.
Brothers Jean-Louis, Normand and Daniel Bellemare opened their first store in December, 1981.
Their latest grocery store recently opened in Kingston.
“We are excited to partner with the Bellemare family, CEO Jeff York and the rest of the management team of Farm Boy, and we believe the company is very well positioned for future growth,” said Chris Hadley, managing director of Berkshire Partners. “Farm Boy’s stores deliver a unique fresh and friendly shopping experience compared to other food retailers. The company has exacting standards for freshness and quality, which translates into customer value and loyalty.”
