Albertsons Companies Inc. is an American grocery company founded and based in Boise, Idaho. It is owned and operated by Cerberus Capital Management. With 2,200 stores and more than 250,000 employees, the company is the second largest supermarket chain in North America after Kroger, which has 2,424 stores. Prior to its January, 2015 merger with Safeway Inc. for $9.2 billion., it had 1,075 supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was sold to Albertsons LLC (a Cerberus Capital Management-led consortium), CVS Pharmacy, and SuperValu Inc. in 2006. CVS acquired the freestanding drugstores while the Cerberus-led consortium (Albertsons LLC) and Supervalu (New Albertsons, Inc.) divided the supermarket divisions among themselves. After selling the majority of its stores to various buyers, in January 2013, Albertsons LLC, acquired SuperValus remaining Albertsons stores, as well as its ACME, Jewel-Osco, Lucky, Shaws and Star Market brands, in exchange for $100 million in cash and $3.2 billion in SuperValu debt. The sale was completed by March 2013. The companys corporate name was Albertsons until 2002, when the apostrophe was removed. Albertsons was founded by Joe Albertson on July 21, 1939 in Boise, Idaho. An ad in the Idaho Statesman newspaper touted Joe Albertsons first store as "Idahos largest and finest food store." The store was filled with perks that, at the time, were brand new: free parking, a money-back guarantee, and even an ice cream shop. The original store was built onto several times, but it was demolished in 1979 and a replacement store built on the same property. A brick monument stands on the northwest corner of 16th and State Streets in downtown Boise, commemorating the original store.