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.
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.Return to All