M&A Deal Summary

PFG Acquires Reinhart Foodservice

On July 1, 2019, PFG acquired food company Reinhart Foodservice for 2.0B USD

Acquisition Highlights
  • This is PFG’s 3rd transaction in the Food sector.
  • This is PFG’s 3rd largest (disclosed) transaction.
  • This is PFG’s 5th transaction in the United States.
  • This is PFG’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2019-07-01
Target Reinhart Foodservice
Sector Food
Buyer(s) PFG
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Winston & Strawn
Neal, Gerber & Eisenberg
Arnold & Porter (Legal)

Target

Reinhart Foodservice

Rosemont, Illinois, United States
Reinhart Foodservice LLC is a provider of fresh produce, proteins, ingredients, supplies, and equipment to customers across the U.S. from 29 distribution centers. Reinhart Foodservice is based in Rosemont, Illinois.

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Buyer(S) 1

Buyer

PFG

Richmond, Virginia, United States
Category Company
Founded 1885
Sector Distribution
Employees36,630
Revenue 58.3B USD (2024)
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 5 of 8
Sector (Food) 3 of 4
Type (Add-on Acquisition) 5 of 8
State (Illinois) 2 of 2
Country (United States) 5 of 8
Year (2019) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Eby-Brown Company

Naperville, Illinois, United States

Eby-Brown Company LLC is a distributor of pre-packaged candy, snacks, specialty beverages and tobacco products in the convenience industry. Eby-Brown operates eight distribution centers throughout the Midwest, Northeast and Southeast.Eby-Brown Company LLC was founded in 1887 and is based in Naperville, Illinois.

Buy -
FOLLOWING 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