Village Pantry breaks off from Marsh

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Sun Capital Partners, owner of Marsh Supermarkets Inc., will break off its Village Pantry subsidiary to create a separate business unit. Both businesses will continue to be owned by Florida-based Sun Capital Partners.

The Village Pantry convenience store chain was a long-time a subsidiary of Marsh. Marsh operates 105 groceries, while Village Pantry runs 148 convenience stores.

According to a company press release, Village Pantry offices will remain in Marsh's Fishers headquarters, but its managers will report directly to Sun. Sun also announced new leaders for Village Pantry. The CEO will be Mick Parker, a former regional vice president for the Circle K convenience store chain. The chief financial officer will be Steve May, a six-year Marsh veteran who most recently served as the liaison for financial reporting to Sun. Sun purchased Marsh Supermarkets last fall for $88 million, plus the assumption of $237 million in debt.