Foodservice Distribution Industry Update — July 2019
Posted on July 2, 2019
PFG Acquires Reinhart Foodservice – Keiter Advisors Insights
If approved by the Federal Trade Commission, the new broadline network will have 63 distribution facilities located in 29 states. Together with PFG’s recent acquisition of Eby-Brown, revenues for the combined divisions will be ($ in billions):
PFG (Foodservice / Customized / Vistar) $17.6
Eby- Brown $5.3
This transaction, coupled with the acquisition of SGA by US Foods last July, marks perhaps the most transformative time in broadline foodservice distribution.
Source: Performance Food Group SEC filings: Annual 10-K filed 8-16-18, Form 8-K filed 7-1-19, Form 8-K filed 5-6-19
KA will continue to provide “Updates” on a periodic basis. We welcome your feedback on this issue and would appreciate hearing what other topics you would like us to cover in the future. And as always, we would be happy to discuss the information included on this particular edition or any other items concerning your business.
Bill Beattie Matt Austin
Phone: 804.565.6018 Phone: 804.433.4184
|About Keiter Advisors|
|Our Foodservice Group is the only financial advisory team dedicated to the foodservice distribution industry. Over the past 14 years we have developed an expertise in the broadline, produce and protein segments. Our group has:
— Successfully closed 38 transactions