This Week
  • CFO David Klein is leader of the financial team at Constellation Brands.

  • CEO Eric Converse has VirtualScopics on the verge of generating cash.

  • MaeTec Power Inc. began as a part-time operation in 2003.

  • Renovations of buildings downtown are helping to give new life to the center city.

  • Mirror Show Management grabbed the top spot on the 2015 Rochester Top 100.

  • Liz Madison is bringing the farm to doorsteps across Wayne and Monroe counties.

Management-led deal for Tops closes

Rochester Business Journal
December 2, 2013

Tops Friendly Markets Inc. announced Monday the acquisition of Tops Holding II by senior managers of the company closed Dec. 1.

Led by President and CEO Frank Curci, the company has more than doubled its store locations, expanded into eastern and northern New York, Vermont, and northern Pennsylvania, and has added jobs in the last six years, company officials said.
The senior managers involved in the acquisition are Curci, Kevin Darrington, chief operating officer; Rick Mills, chief financial officer; John Persons, senior vice president of operations; Jack Barrett, senior vice president of human resources; and Lynne Burgess, senior vice president and general counsel.

The grocery retailer has more than 15,000 associates in its 159 full-service supermarkets. The company owns 154 supermarkets and has five franchised stores.

"The management team at Tops truly has a passion for the business and dedication to the core values of the organization, and has led the company's tremendous growth over the past six years," Curci said.  "This transaction represents the next step in the natural evolution of Tops that began six years ago when we returned operations and decision making to our local markets.

“Now with local ownership as well, we will be able to build on our successes of the recent past, deepen our commitment to the markets we serve, and further expand to better serve our associates and customers."

Details of the transaction have not been disclosed.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google