The United Family has given millions of dollars back to the communities they serve over the years.
The company has contributed to a wide variety of organizations since they opened their doors in Lubbock sixty years ago.
"United Supermarkets has been one of our greatest supporters at Texas Tech," said university Chancellor Kent Hance.
The United Spirit Arena is named after the supermarket chain. The university website says the total project cost more than $62 million. It's been home to a number of high profile concerts, including Elton John, Red Raider basketball games and Texas Tech graduation ceremonies.
"We're a little nervous, but we hope that they were able to keep the same leadership and that Albertsons will continue what Texas Tech had with United," Hance said.
In addition to Texas Tech University, The United Family gave around a million pounds worth of food to the South Plains Food Bank last year.
The corporation has already given hundreds of thousands of dollars to the Lubbock Area United Way.
"When we heard the news, didn't think that they would do anything that would be bad for the Lubbock community, but hearing from them in person definitely was reassuring," said Nicole Ashley, spokesperson for Lubbock Area United Way.
Ashley said Albertons did reassure them that nothing would change in terms of community partners.
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