Private Equity Reenergizes a National Retailer
Headquartered in Goodlettsville, Tennessee, Dollar General is a national retailer that has been revived by private equity. The company’s growth and profitability had slowed and in 2007, the small-box discount retailer formed a strategic partnership with KKR. They identified that Dollar General could improve the business at the store and distribution levels and dramatically increase the company’s reach. Since partnering with KKR, Dollar General has opened more than 2,000 new stores, created over 20,000 new jobs, and grown revenue by 56 percent.
- Between 2007 and 2011, Dollar General grew revenue by 56 percent.
- Over that same period, the company created more than 20,000 new jobs. The company currently employees approximately 91,000 people total.
- In March, 2012, Dollar General opened its 10,000th store. Today, it is the largest retailer by store count.
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