"Combine and conquer" is the motto at BI-LO Holding. The newly-formed parent company for the BI-LO and Winn-Dixie supermarket chains boasts about 690 stores across eight southeastern states. The BI-LO supermarket chain operates more than 200 BI-LO and Super BI-LO grocery stores in the Carolinas, Georgia, and Tennessee. Winn-Dixie operates about 480 combination food and drug stores in Alabama, Florida, Georgia, Louisiana, and Mississippi under the Winn-Dixie and Winn-Dixie Marketplace banners. BI-LO Holding was formed in 2012 when BI-LO's owner, Dallas-based investment firm Lone Star Funds, acquired Winn-Dixie for about $560 million and merged the two companies.