WinCo Foods (“WinCo”) operates discount grocery supermarkets in the western United States. The Company is positioned as a high volume, discount alternative to traditional grocery retailers with stores ranging from 80,000 to 100,000 square feet. WinCo is primarily owned by an Employee Stock Ownership Plan (ESOP). Endeavour was introduced to WinCo management as a potential equity partner to assist in the buyout of a legacy corporate investor and finance continuing growth in the store network. In 2004, Endeavour acquired a minority interest in the Company alongside the ESOP, which is the majority owner of WinCo.
During Endeavour’s involvement, the Company continued its rapid growth, with the addition of two 1 million square foot distribution centers and several new stores openings each year.
Endeavour remained invested in the Company until 2010. The Company is now owned in its entirety by the ESOP and the management team.