Dollar General to acquire 323 Dollar Express stores

GOODLETTSVILLE, Tenn. — Dollar General will acquire all 323 Dollar Express discount stores in 36 states from its owner, private equity firm Sycamore Partners, the company confirmed to several media outlets. Terms of the deal were not disclosed.

The Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General. The 323 stores comprise most of the 330 stores sold to Sycamore in order to meet federal antitrust approval of Dollar Tree’s acquisition of Family Dollar in 2015. 

According to the Charlotte Observer, as many as 2,700 full- and part-time store employees could lose their jobs as a result of the transaction.

The transaction is subject to Federal Trade Commission approval.