Berkshire invests in Farm Boy

OBJ Staff
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Popular Ottawa fresh food grocer Farm Boy says it has attracted an equity investment from Boston-based Berkshire Partners LLC.

(Stock image)

Terms of the investment were not disclosed, but Berkshire says its average investment ranges from $50 million to $500 million.

"Farm Boy's stores deliver a unique fresh and friendly shopping experience compared to other food retailers … the company is very well positioned for future growth," said Berkshire managing director Chris Hadley in a statement.

The grocer was launched in Cornwall in 1981 and added its 13th store last month when it opened a new location in Kingston.

Farm Boy CEO Jeff York said earlier this year that the chain planned to grow to 15 stores, but offered no timeline.

Geographic location: Cornwall, Kingston

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