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.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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