Indianapolis The parent company of Marsh Supermarkets said Tuesday that it plans to continue investing in the local grocery chain after it failed to find a buyer.
Sun Capital Partners late last year hired an investment adviser and began soliciting offers for the chain of roughly 100 stores. Asking price was reported to be $130 million to $150 million.
Sun acquired the chain in 2006 for about $88 million in cash and assumed $237 million in debt. To date, there have been no interested buyers.