BJ’s May Be Sold, Go Public: Report

CVC Capital Partners and Leonard Green & Partners, the private equity firms that own BJ’s Wholesale Club, are said to be mulling whether they should sell the warehouse club retailer or take it public, according to published reports.

CVC and Leonard Green, respectively based in Luxembourg and Los Angeles, have retained investment bankers to review their options, The Wall Street Journal reported, citing unnamed sources.

If the firms, which bought BJ’s in 2011 for an estimated $2.8 billion, opt for an initial public offering, it would likely occur during the second half of 2017, the publication noted.

Westborough, Mass.-based BJ’s operates more than 210 stores in 15 East Coast states, employing more than 25,000 associates.