Kingswood Capital, a private investment firm, completed the acquisition of The Save Mart Companies, an owner and operator of a chain of supermarkets. Financial terms were not disclosed. "The Piccinini family did a tremendous job in fostering a commitment to innovation and service as they built and grew this company in the Central Valley and throughout California. As a result, we have great stores and a committed team of 14k employees who provide fantastic local products and are wonderful stewards of the communities in which they live and work. While this change in ownership will be transparent to our team and customers, we know that this investment will benefit them and the communities we serve," Chris McGarry, The Save Mart Companies CEO.