PFG Mergers & Acquisitions

PFG M&A Summary

PFG has acquired 10 companies, including 4 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 1 asset.

PFG’s largest acquisition to date was in 2021, when it acquired Core-Mark Holding Company for $2.5B. It’s largest disclosed sale occurred in 2005, when it sold Fresh Express to Chiquita Brands International Sàrl for $855M. PFG has acquired in 7 different US states. The Company’s most targeted sectors include distribution (45%) and food (45%).

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity9
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

PFG

Performance Food Group, Inc.

12500 West Creek Parkway,
Richmond, Virginia 23238
United States,
(804) 484-7700
www.pfgc.com

All (10) Buy (9) Sell (1)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2024-08-14 Cheney Brothers · Distribution
Riviera Beach, Florida · www.cheneybrothers.com

Cheney Brothers is a family-owned and operated broad line distributor offering over 64,000 stocked items from gourmet to every day. Cheney EXPRESS is open to the public and carries frozen, refrigerated and dry products with carrying out service to your vehicle. Insisting upon top-quality products from nationally recognized manufacturers, Cheney Brothers’ broad inventory consists of more than 50,000 stocked items, from gourmet to every day. Cheney Brothers was formed in 1925 and is based in Riviera Beach, Florida.

Advisors: Davis Polk & Wardwell , Morgan Stanley
2,100 Add-on Acquisition

PFG
Advisors: J.P. Morgan Securities , Skadden, Arps, Slate, Meagher & Flom

CD&R PE


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