WESTBOROUGH, Mass. — Private equity firm Leonard Green & Partners said Tuesday that it has entered into a confidentiality agreement with BJ's Wholesale Club here to evaluate a potential acquisition of the retailer.
Green, based in Los Angeles, expressed interest in a going-private transaction with BJ's beginning last summer, when it revealed it had acquired nearly 10% of its stock. BJ's in February said it would entertain offers to buy the company.
