M&A Deal Summary |
|
|---|---|
| Date | 2008-05-27 |
| Target | Vistar |
| Sector | Food |
| Buyer(s) | PFG |
| Sellers(s) |
The Blackstone Group
Wellspring Capital Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.4B USD |
| Advisor(s) | Evercore Group (Financial) Bass, Berry & Sims PLC (Legal) |
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| Category | Company |
|---|---|
| Founded | 1885 |
| Sector | Distribution |
| Employees | 20,000 |
| Revenue | 25.1B USD (2020) |
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 | 2 of 7 |
| Sector (Food) | 2 of 4 |
| Type (Add-on Acquisition) | 2 of 7 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 2 of 7 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-28 |
Fresh Express
Charlotte,, North Carolina, United States The Fresh Express retail value-added salads market, a fast-growing food category for grocery retailers, foodservice providers and quick-service restaurants. |
Sell | $855M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-01 |
Ellenbee Leggett
Fairfield, Ohio, United States Ellenbee Leggett Co. is a distributor of food service products to schools, healthcare facilities, caterers and commissaries. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 170 |
| Sector (Food) | 1 of 4 |
| Type (Add-on Acquisition) | 16 of 66 |
| State (Colorado) | 3 of 7 |
| Country (United States) | 27 of 102 |
| Year (2008) | 1 of 2 |
| Size (of disclosed) | 32 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-01 |
PBF Energy
Parsippany, New Jersey, United States PBF Energy, Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio. |
Buy | $1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-24 |
Crestwood Midstream Partners
Houston, Texas, United States Crestwood Midstream Partners LP is a provider of pipeline, gathering and processing, storage and other assets in the midstream energy sector to build a North American midstream business. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $2 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 36 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 7 of 12 |
| State (Colorado) | 2 of 2 |
| Country (United States) | 8 of 32 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-18 |
PFG
Richmond, Virginia, United States 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. |
Buy | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-01 |
Cleaver-Brooks
Thomasville, Georgia, United States Cleaver-Brooks, Inc. specializes in producing energy-efficient highly engineered firetube, water tube and large custom boilers that are complemented by sales of proprietary low-emission burners, packaged water systems, control systems, and aftermarket parts and services. Cleaver-Brooks was founded in 1929 and is based in Thomasville, Georgia. |
Buy | - |
