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Report: BJ’s Wholesale Club owners eyeing sale or IPO

BY Marianne Wilson

BJ’s Wholesale Club could see a change in ownership.

The company’s private equity owners, Leonard Green & Partners and CVS Capital Partners Ltd., are hiring investment bankers to advise them on options, reported the Wall Street Journal.

The two buyout firms acquired BJ’s in 2011 for approximately $3 billion. The retailer, which is based in Westborough, Massachusetts, operates 213 stores and 130 BJ's Gas locations 15 states.

BJs has 25K employees and more than $11B in annual sales.

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