M&A Deal Summary

PFG Acquires OLM Food Solutions

On July 25, 2023, PFG acquired food company OLM Food Solutions

Acquisition Highlights
  • This is PFG’s 4th transaction in the Food sector.
  • This is PFG’s 7th transaction in the United States.
  • This is PFG’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2023-07-25
Target OLM Food Solutions
Sector Food
Buyer(s) PFG
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Latham & Watkins (Legal)

Target

OLM Food Solutions

Sioux Falls, South Dakota, United States
website
OLM is a provider and distributor of food service solutions to the C-store industry, servicing over 1,500 convenience stores as well as co-manufacturing customers across the U.S. and abroad. The company offering includes a diverse portfolio of branded solutions including Hot Stuff Kitchen, pcpizza, Papa Primo’s, Day’N Night Bites, and private label solutions. OLM was formed in 1983 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

PFG

Richmond, Virginia, United States

website

Category Company
Founded 1885
Sector Distribution
Employees20,000
Revenue 25.1B USD (2020)
DESCRIPTION

PFG is a distributor of food products and snacks. PFG delivers food and food-related products to more than 130,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions across the United States. PFG was founded in 1885 and is based in Richmond, Virginia.

DEAL STATS #
Overall 7 of 7
Sector (Food) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (South Dakota) 1 of 1
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Core-Mark

Westlake, Texas, United States

Core-Mark is a wholesale distributor to the convenience retail industry. Core-Mark provides sales, marketing, distribution and logistics services to customers across the United States and Canada through a network of distribution centers. Core-Mark was founded in 1888 and is based in Westlake, Texas.

Buy $2.5B
Mergr

Product

Company

Legal