Thomas H. Lee Partners to Buy Acosta

Private equity firm Thomas H. Lee Partners is planning to buy Acosta, a food marketer currently owned by buyout shop AEA Investors, in a deal valued at more than $2 billion, Reuters reported, citing a report by Bloomberg News.

(Reuters) – Thomas H. Lee Partners LP plans to buy food marketer Acosta Inc from private-equity firm AEA Investors LP for more than $2 billion, Bloomberg reported on Tuesday, citing three people with knowledge of the matter.

A deal may be announced as soon as Jan. 6, Bloomberg said citing the people, who spoke on condition of anonymity because the talks are private.

Florida- based Acosta is one of the biggest U.S. marketers to food and grocery stores.

Three sources familiar with the matter told Reuters that Acosta has been up for sale.

Acosta has been running a quiet sale process limited to a small group of buyers instead of a broad auction, one of the three sources said.

Acosta and AEA did not return calls seeking comment after regular business hours. THL was not immediately available for comment. (Reporting by Megan Davies, Soyoung Kim and Dhanya Skariachan; Editing by Anshuman Daga)