Shopko Foundation Awards $75,000 in Scholarships

GREEN BAY, Wis., June 25, 2014 /PRNewswire/ -- The Shopko Foundation is proud to announce the recipients of its Shopko Teammate and Family Scholarships for the 2014-2015 school year. The Foundation awarded $75,000 in scholarships to 30 students in 9 states. 

Since 2005, the Shopko Foundation has awarded scholarships totaling $450,000 through its Teammate and Family Scholarship Program which annually awards post-secondary scholarships to Shopko employees and their dependent children. The $2,500 scholarships are awarded through a competitive process based on the student's academic record, leadership, community activities, honors and goals. Recipients were determined by an independent selection committee comprised of educators and administrators from Wisconsin colleges and universities.   

"The Shopko Foundation is committed to promoting healthy lifestyles and educational opportunities for our neighbors in all the communities where we serve," said Peter McMahon, Shopko CEO.  "We understand that, more than ever, education is the pathway to opportunity.  It is our privilege to recognize these outstanding students and support them as they build the foundation for fulfilled and productive lives."

The following students were awarded the Shopko Foundation Teammate and Family Scholarships:

Shopko is owned by an affiliate of Sun Capital Partners, Inc., a leading private investment firm focused on leverage buyouts, equity, debt, and other investments in market-leading companies. 

About Shopko

Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko Stores Operating Co., LLC is a $3 billion retailer that operates 321 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 133 Shopko stores, providing quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities; 5 Shopko Express Rx stores, a convenient neighborhood drugstore concept; 6 Shopko Pharmacy locations; and 177 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities.  For more information, visit www.shopko.com.

About Sun Capital Partners

Sun Capital Partners, Inc. is a pioneer in private investing, uniquely combining the financial skills and other resources of a traditional private equity firm with the insight and expertise of a world class operating team.  The firm focuses on market-leading companies that can benefit from its in-house operating professionals, resources and expertise in their efforts to materially improve operating performance. Sun Capital affiliates have invested in more than 330 companies worldwide with combined sales in excess of $45 billion since its inception in 1995.  Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen.  For more information, visit www.SunCapPart.com.

SOURCE Shopko