How going private helped BJ’s change its game
Customers at BJ’s Wholesale Club stores likely haven’t noticed any big changes in the discount chain’s aisles, but a few months ago a major transformation took place at the Westborough-based company. BJ’s left the scrutiny of Wall Street after being acquired by a private equity firm. It took a year and a half to close the $2.8 billion deal. How the sale came together shows that it can be difficult for retailers like BJ’s to turn down cash offers from buyout firms.