Keiter Advisors is proud to congratulate José Santiago Inc. on their sale to Performance Food Group (NYSE: PFGC).
The sale is part of Performance Food Group’s strategic focus on growing within the Caribbean market.
“It was an honor working with the Santiago family on this transaction,” said Scott Zickefoose, CPA, CM&AA, Managing Director of Keiter Advisors. “Since 1902, José Santiago Inc. has grown into the largest, and most advanced full-line foodservice distributor in Puerto Rico, the U.S. Virgin Islands, and the British Virgin Islands. Their commitment to quality is what has set them apart for over 120 years and that commitment will continue with Performance Food Group.”
José Santiago Inc. is a fourth generation owned and operated distribution company of foodservice products to the largest and smallest institutions in Puerto Rico and the Caribbean.
“Jose Santiago, Inc. had been under our family’s ownership and direction since it was founded 122 years ago. The decision to select Keiter Advisors to represent us in the recent stock sale transaction could not have been more correct,” shared Jose Santiago, Sr. “Their 20 years of experience in managing foodservice transactions, knowledge of the buyer community and the way they interacted with our family was exceptional. We ultimately selected a great national company with similar values and dedication to service. We are confident Jose Santiago will only improve and grow while maintaining its identity and longstanding traditions of quality.”
The sale of José Santiago Inc. to Performance Food Group closed in July 2024.
This is the 46th transaction Keiter Advisors has completed within the foodservice industry.
About Keiter Advisors
Keiter Advisors specializes in advising companies in middle market M&A transactions and financing. Our clients are middle-market and entrepreneur-owned foodservice companies, generally with revenues between $100 million and $1 billion. The firm assists companies with sell-side advisory, acquisition advisory, strategic advisory services, and financing. Our senior professionals have advised in over 100 transactions and have experience in a range of industries. In addition, we are backed by the expertise and resources of Keiter, a leading Virginia public accounting and advisory firm with interrelated expertise in quality of earnings, due diligence, tax structuring, and succession planning.
