PFG Acquires Core-Mark

Posted on May 19, 2021

On May 18th, PFG announced the acquisition of Core-Mark.  The $2.6 billion purchase price represents another significant acquisition made by PFG, building upon its earlier acquisition of Eby-Brown. The report link below provides highlights of the transaction as well a few insights from Keiter Advisors.

View Keiter Advisors Insights on PFG Core-Mark Acquisition Here

If approved by the Federal Trade Commission, PFG’s total sales will be ~$44 billion, with total revenue from Reinhart, Eby-Brown and Core-Mark acquisition totaling $28 billion.  The acquisition will expand PFG’s reach into Canada for the first time and opens up new opportunities in the Western United States.  It is worth noting that Core-Mark and the convenience store industry grew thru the pandemic.  This diversity of revenue stream is particularly attractive for PFG’s current sales mix.

Please give us a call if you have questions or would like to discuss the potential impact this could have on your business.