A Los Angeles company acquired a market chain.

Buffalo, N.Y.-based Tops Markets Inc., which operates Tops Friendly Markets supermarkets and Wilson Farms convenience stores, agreed to be acquired for $196 million. Riordan, Freeman & Spogli, the Los Angeles merchant banking firm leading the acquisition, will pay $33.50 a share for the 25-year-old Buffalo company, Tops spokesman Thomas Zarbo said. Tops is the leading supermarket chain in western New York.