Endeavour Capital

Overview

The Endeavour Team

Limited Partners

Strategy Overview

Regional Strategy

Value-Added Partnerships

Flexible Capital

Proactive Relationships

Investment Parameters

Full Portfolio

Founded in 1955, Bi-Mart is a leading membership discount retail chain of 64 drug and general merchandise stores in Oregon, Washington and Montana.

Endeavour established a relationship with Bi-Mart management in 1992 when the company was owned by Thrifty Corporation. Following the sale of Thrifty-Payless to Rite Aid Corporation, Bi-Mart management was offered the opportunity to purchase the company on an exclusive basis from Rite Aid.

With over 3,000 employees, Bi-Mart ranks 19th amongst discount and value retailers and is the 9th largest discount store pharmacy in the United States.

In 2004 Endeavour sold the company to Bi-Mart’s employees through an ESOP, allowing Bi-Mart to remain true to its “Northwest-owned and operated” slogan.

“The last seven years with Endeavour Capital as our partners was a dream come true for Bi-Mart and its employees. Endeavour was supportive, contributive, honest, ethical and always operated at the highest level of integrity. Bi-Mart has experienced other owners, and I can say unequivocally that Endeavour’s principals - and their staff - are head and shoulders above the rest. They contribute to and care about management; and they allow management to run the business and not concentrate on short term issues. It would be an honor to do another deal with Endeavour Capital.”