PFG - M&A Summary and Business Overview

DistributionCompany

PFG M&A Summary

PFG has acquired 8 companies, including 4 in the last 5 years. A total of 2 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 6 different US states. The Company’s most targeted sectors include food (58%) and distribution (43%).

PFG Business Overview

Where is PFG headquartered?

PFG is headquartered in Richmond, Virginia.

What is PFG’s revenue?

PFG disclosed revenue of 25,086M USD for 2020 and 19,744M USD for 2019.

How many employees does PFG have?

PFG has 20,000 employees.

What sector is PFG in?

PFG is a distribution company.

When was PFG founded?

PFG was founded in 1885.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

PFG

Performance Food Group, Inc.

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

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 - 1 - 1 - 7
vol $3.4B $2.5B $5.9B
Sell (0.0/yr) # 1 - - - - - 1
vol $855M $855M
  8

Most Recent M&A

Company Date Value Type
Orion Food Systems Holdings LLC 2023-07-25 - Add-on Acquisition
Sioux Falls, South Dakota · www.orionfoods.com
Core-Mark Holding Company, Inc. 2021-05-18 2.5B USD Add-on Acquisition
Westlake, Texas · www.core-mark.com
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 4 (57%) 3.4B (58%) 1 (100%) 855M (100%)
Distribution 3 (43%) 2.5B (42%) - -
Total 7 $5.9B 1 $855M

By Geo

State/Country Buy Value Sell Value
United States 7 5.9B 1 855M
  Illinois 2 2.0B - -
  Texas 1 2.5B - -
  South Dakota 1 - - -
  Ohio 1 - - -
  Massachusetts 1 - - -
  Colorado 1 1.4B - -
  North Carolina - - 1 855M
Total 7 $5.9B 1 $855M

Top M&A Advisors

Financial Deals
BMO Capital Markets
1
J.P. Morgan Securities
1
Credit Suisse Investment Banking
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
2

Deal Values

buy # Total
> $1B 3 $5.9B
TOTAL $5.9B
Largest Core-Mark Holding Company, Inc.
$2.5B (2021-05-18)
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)
14%
1 (14%)
Divested to
Strategic(s)
100%
1 (100%)

 Subscribe to unlock this and 201,598
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
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.