Performance Food Group Mergers and Acquisitions Summary

Distribution Company

Performance Food Group has acquired 6 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Performance Food Group’s largest acquisition to date was in 2019, when it acquired Reinhart Foodservice for $2.0B. It’s largest disclosed sale occurred in 2005, when it sold Fresh Express to Chiquita Brands International for $855M. Performance Food Group has acquired in 4 different US states. The Company’s most targeted sectors include food (60%) and distribution (40%).

Join Mergr and gain access to Performance Food Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the distribution sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Performance Food Group, Inc.

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

Performance Food Group, Inc. 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. Performance Food Group was founded in 2002 and is based in Richmond, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.6/yr) # 2 1 - 2 - - 5
vol $1.4B $2.0B $3.4B
Sell (0.0/yr) # 1 - - - - - 1
vol $855M $855M
  6

Most Recent M&A

Company Date Value Type
Reinhart Foodservice LLC 2019-07-01 2.0B USD Add-on Acquisition
Rosemont, Illinois · www.rfsdelivers.com
Eby-Brown Company LLC 2019-03-19 - Add-on Acquisition
Naperville, Illinois · www.eby-brown.com
Ellenbee Leggett Co. 2017-03-01 - Add-on Acquisition
Fairfield, Ohio · www.ellenbee.com
Vistar Corp. 2008-05-27 1.4B USD Add-on Acquisition
Centennial, Colorado · www.vistar.com
Fresh Express, Inc. 2005-06-28 855M USD Divestiture
Charlotte,, North Carolina · www.freshexpress.com
Springfield Foodservice LLC 2001-09-10 - Add-on Acquisition
Springfield, Massachusetts
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Vistar Corp. 2008-05-27 Liberty Distribution Co. LLC 2012-06-01 1
Centennial, Colorado · www.vistar.com Chandler, Arizona · www.libertydistribution.com

M&A by Sector

Sector Buy # Value Sell # Value
Food 3 (60%) 3.4B (100%) 1 (100%) 855M (100%)
Distribution 2 (40%) - - -
Total 5 $3.4B 1 $855M

By Geo

State/Country Buy Value Sell Value
United States 5 3.4B 1 855M
  Illinois 2 2.0B - -
  Ohio 1 - - -
  Massachusetts 1 - - -
  Colorado 1 1.4B - -
  North Carolina - - 1 855M
Total 5 $3.4B 1 $855M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
> $1B 2 $3.4B
TOTAL $3.4B
Largest Reinhart Foodservice LLC
$2.0B (2019-07-01)
sell # Total
$100M to $1B 1 $855M
TOTAL $855M
Largest Fresh Express, Inc.
$855M (2005-06-28)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
1 (100%)

 Subscribe to unlock this and 164,024
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.1K Private Equity Firms
  • 153K M&A Transactions
  • 160K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 49K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.