PRSRT STD U.S. POSTAGE
GBJ P.O. Box 766 Saratoga Springs, NY 12866
VOL. 33 NO. 09
PAID
GLENS FALLS, NY 12801 PERMIT #600
HH The Business Newspaper of Warren and Washington Counties HH
www.glensfallsbusinessjournal.com
NOVEMBER 2021
Price Chopper Merger With Tops Markets Is Owner Of Healthcare Software Company Complete; Stores Will Keep Brand Identity Buys Pilot Knob Marina On Lake George Price Chopper/Market 32 and Tops Markets have announced the closure of their merger announced earlier this year. Under the terms of the agreement, anniunced Nov. 8, the two companies will be managed locally by their respective leaders and continue to be referred to by their established brand identities, but will be owned and overseen by a new parent company, Northeast Grocery Inc. Scott Grimmett, current president and CEO of Price Chopper/Market 32, will lead the new parent company. He will also serve on its board of directors as will Frank Curci, former Tops Markets chairman and CEO. The agreement virtually doubles the two independent chains’ collective footprint in the Northeast, with a total of nearly 300 stores. Financial terms of the deal were not disclosed. “We’re appreciative of the FTC’s diligence in reviewing this merger and grateful to have received all of the necessary approvals,” said Grimmett. “Now, we can dedicate ourselves to bringing these two storied grocery chains together, leveraging best practices, developing new opportunities and finding efficiencies that will help us continue to deliver distinctive shopping experiences,” The regulatory review process by the FTC mandates the divestiture of 12 of the combined companies’ stores, all Tops locations. Food distributor C&S Wholesale Grocers has been approved to purchase all 12 stores, which will be operated by GU Markets LLC, an affiliate of C&S Wholesale Grocers. C&S will continue to recognize the union workforce at these locations. “We believe that this merger will be a positive for our membership, preserving union jobs and strengthening the company’s prospects into the
This is the Tops Market store in Warrensburg. That chain has merged with Price Chopper. Terry Williams
foreseeable future,” said Frank DeRiso, president of the UFCW Local One. “We are pleased that we have an agreement with the new owner and they are committed to retaining all of the existing union jobs and contracts. This merger will benefit both consumers and union members.” Blaine Bringhurst will serve as president of the Price Chopper/Market 32 business and John Persons as the president of the Tops Markets business. Dave Langless, the chief financial officer of Tops, will serve as the parent company’s CFO. Northeast Grocery Inc. will be headquartered in Schenectady, as will Price Chopper/Market 32. Tops Markets will retain its headquarters in Williamsville, N.Y.
John Donnelly and his wife, Christine, owners of a Massachusetts healthcare software company, purchase Pilot Knob Marina on Lake George and its sales outlet on Rt. 149 in Lake George. BY CHRISTINE GRAF Pilot Knob Marina, one of the oldest marinas on Lake George, was purchased by Massachusetts healthcare software company owner, John Donnelly and his wife, Christine. The marina is located in Pilot Knob while the sales outlet is located at 655 Route 149 in Lake George. Donnelly said he has always been drawn to boating. At one time, he and his wife owned a home on Harris Bay. His father also lived in Lake George for 20 years.
“I’ve been around boats my whole life. I’ve sailed. I’ve done ocean racing. I’ve done powerboating. Being around boats is really a passion of mine,” he said. “My wife and I have been talking about buying a marina for a number of years, and we aren’t getting any younger and are in our 50s.” When the opportunity arose to purchase Pilot Knob Marina from Nick Barber and Mike Smith, the Donnelly’s jumped at the opportunity. Barber and Smith operated the Continued On Page 10
Minogue’s Beverage Center Business Now Arts District Of Glens Falls Launched; Will Owned And Operated By Saratoga Eagle Stretch From Chapman Museum To The Hyde BY CHRISTINE GRAF Less than one month after celebrating the 100th anniversary of Minogue’s Beverage Center, owner John Minogue sold his business to brothers Jeff and Paul Vukelic, owners of Saratoga Eagle. The decision to sell was a difficult one for Minogue, and Jeff first approached him about purchasing the business about 16 months ago. “When I was first approached by Jeff about the possibility, I was in a position where I really didn’t have a succession plan but I wasn’t totally committed to selling the business at that time,” said Minogue. “It ended up making a lot of sense to me. Selling my business after having been in it myself for fifty-five years was a personal thing for me. There’s a lot of family history, and I’ve had some emotional feelings about the business leaving the family but there really weren’t any options for me.” Minogue and Vukelic have known each other for many years, and Minogue’s has been one of Saratoga Eagle’s largest customers. Minogue and the Vukelic brothers have much in common, and both operate family businesses that were established by their bootlegger grandfathers in the 1920s. “I know the business will be well taken care by selling to Jeff,” said Minogue. “They are a class operation.” According to Jeff Vukelic, he has always respected the way in which Minogue operated his business. It was because he knew that none of Minogue’s children were interested in taking over the business that he asked Minogue if he
Minogue’s Beverage Center was sold to brothers Jeff and Paul Vukelic, owners of Saratoga Eagle. would consider selling it to him. “I asked him if he would consider selling, and he said, ‘You are the only person I would consider selling to,’” said Vukelic. “It was a nice honor. I’m proud and excited that he’s entrusted that to us. And we’re keeping the name Minogue’s. He’s letting me keep the name which says a lot about him and a lot about his trust in us to let us carry on that name.” Saratoga Eagle services 13 counties stretching from Albany to the Canadian Continued On Page 10
The Arts District of Glens Falls is making progress with its multifaceted launch of an arts trail stretching from the Chapman Historical Museum to the Hyde Collection Art Museum and Historic Home. Plans include banners, bike racks, sidewalk stamps and public art to connect the 10 arts destinations and 14 arts organizations that comprise the Arts District. Sponsorship opportunities are available for elements of the arts trail. Bright blue bicycle-shaped bike racks will be placed at the 10 arts destinations, and opportunities are still available. Sponsor names will be integrated into the wheel of the bike. The cost is $750 per bike rack for a two-year sponsorship, or $1500 per bike rack for a ten-year sponsorship. There will also be a large Adirondack chair placed at the roundabout. People who donate $100 can become an official Arts Hero. The Arts District is sending out pins to each Arts Hero who donates $10 or more to 10 different arts organizations in Glens Falls, including the Arts District of Glens Falls, in the year 2021. Donations are tax-deductible. Donations can be made online at www. artsdistrictgf.com/hero. “Wear it with pride. Your pinholder status means that we will email you our monthly Arts Bulletins and it earns you access to special privileges, deals and sneak peeks with Arts District organizations,” said Bethanie Lawrence, executive director of the World Awareness Children’s Museum and part of the Arts District of Glens Falls. Launched in 2015, the Arts District of Glens
The Arts District is sending out pins to each Arts Hero who donates $10 or more. Courtesy Arts District of Glens Falls
Falls was created by 14 nonprofit arts and cultural organizations in Glens Falls with the goal of downtown beautification aimed at enhancing the cultural experience of this art-centered district and encouraging visitors to our City. In addition, they have been working with the City of Glens Falls on a public art trail as part of the Downtown Revitalization Initiative. The project must be completed by Oct. 31. Visit www.larac.org/opportunities for more information, or call Candice Frye, executive director of LARAC, at (518) 798-1144.