Brigade Capital and Macellum Capital completed the acquisition of the family dollar business from Dollar Tree for $1bn.

Brigade Capital, a global asset management firm, and Macellum Capital, an investment firm, completed the acquisition of the family dollar business from Dollar Tree, a multi-price-point chain of discount variety stores, for $1bn. “The completion of this transaction marks a defining moment for Dollar Tree. With a singular focus on our core business, we are doubling down on what we do best – delivering value, convenience, and discovery to our customers every day. Now more than ever before, we are poised to accelerate our growth, innovate faster, and unlock our full potential as a category leader in value retail, Mike Creedon, Dollar Tree Chief Executive Officer.