May 17, 2018

BJ's seeks to go public again

Grant Welker
BJ's Wholesale Club headquarters in Westborough.

Westborough bulk retailer BJ's Wholesale Club has filed papers to go public, the company announced Thursday.

The company has submitted an application for listing on the New York Stock Exchange, filing a registration statement with the U.S. Securities and Exchange Commission.

The number of shares to be offered and the price range for the proposed public offering have yet to be determined.

Bank of America Merrill Lynch, Deutsche Bank Securities, Goldman Sachs & Co. LLC and J.P. Morgan are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering, according to BJ's.

The company, previously listed on the NYSE, went private when it was acquired in 2011 for $2.8 billion by CVC Capital Partners, and again in 2014 by Leonard Green & Partners.

BJ's employs nearly 1,000 people locally, more than 3,700 across the state, and more than 25,000 in all, according to the Worcester Business Journal's Central Mass. 100 list of the area's largest employers.

If taken public, BJ's would be among the largest public companies based in Central Massachusetts, along with TJX Cos. and Staples of Framingham, and Boston Scientific of Marlborough.

The company currently operates 215 clubs and 134 BJ's Gas locations in 16 states.

Read more

Report: BJ's could be sold, or go public

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