CHICAGO – A New York-based investment group has acquired Supervalu Inc. for more than $100 million and the assumption of $3 billion in debt. Supervalu is the parent company for Jewel-Osco, Albertsons, Acme and Star Market.

The deal by AB Acquisition, which includes Cerberus Capital Management, includes 877 stores across the country.

Jewel-Osco operates several supermarkets across Northwest Indiana.