(Nov. 2) DALLAS — The last Dallas-area family-owned supermarket chain has new owners.

The owners of 72-year-old Coppell-based Minyard Food Stores Inc., Oct. 29 announced they had sold the 69-store chain to an investment company.

Acquisition Vehicle Texas II LLC, Fort Worth, Texas, will continue to run the chain under its Minyard, Sack’n Save Warehouse and Carnival food stores names, according to a Minyard Food Stores news release.

Minyard’s owners had been receiving offers from major chains since 1988 and felt the time was right to make a sale, J.L. “Sonny” Williams, Minyard’s president and chief operating officer told The Dallas Morning News.

Selling to an investment group instead of another large retailer will help the stores’ 5,200 workers, he said.

“They are really good people that have done a lot for the city of Dallas,” said James LaBarba, president of Ideal Sales Inc., a Dallas-based buying brokerage which sold produce to Minyard.

The investment group is headed by Ron Johnson, a former chief executive officer of the defunct Jitney Jungle Stores of America Inc., Jackson, Miss. He was involved in the takeover or liquidation of Jitney Jungle, Kash n’ Karry Food Stores, Tampa, Fla., and Farm Fresh Inc., Richmond, Va.

Johnson, in a news release, said he is committed to continuing Minyard’s rich heritage. The store’s new owners will operate the business under the Minyard Group name.

Minyard had $900 million in sales last year, according to media reports.

Financial terms of the sale weren’t disclosed.