Performance Food Group Acquires Cheney Bros. for $2.1B

CD&R Partnership Investment in Cheney Brothers

July 23, 2020

Food & Beverage

Clayton, Dubilier & Rice (CD&R)-managed funds have completed a minority partnership investment in Cheney Brothers, a family-owned regional foodservice distributor. The Cheney family remains majority owners and Byron Russell stays as Chairman and CEO; the investment will support the company’s continued expansion across core markets including Florida and North Carolina. Terms were not disclosed.

Performance Food Group Acquires Core‑Mark

September 1, 2021

Food & Beverage

Performance Food Group Company (PFG) has completed the acquisition of Core‑Mark Holding Company, Inc., creating a combined convenience-store distribution business operating under the Core‑Mark brand and headquartered in Westlake, Texas. The deal, valued at about $2.5 billion including net debt, was structured as a stock-and-cash transaction and brings Core‑Mark's ~7,500–8,000 employees, 32 distribution centers and ~40,000 customer locations into PFG's Vistar segment.

BradyIFS Acquires FPC Distribution

June 27, 2023

Logistics & Distribution

BradyIFS, a distributor of foodservice disposables and janitorial-sanitation products, has acquired FPC Distribution Inc., a family-run foodservice, dry goods and jan-san distributor serving Maryland and Virginia. Terms were not disclosed; the deal expands BradyIFS's east coast operations and will keep FPC's team in place under a partnership with founder Richard Roe.

Brothers International Acquires Food Partners

December 17, 2025

Food & Beverage

Brothers International Food Holdings acquired Food Partners, a Winter Haven, Florida-based citrus ingredient supplier, adding citrus sourcing and logistics capabilities to its global ingredients platform. The deal positions Brothers to deepen its sourcing power and support food and beverage manufacturers across North America and Europe, while Food Partners’ founder Webb Tanner remains in his role as a minority owner.

Performance Food Group Acquires Orion Food Systems from One Rock Capital Partners

July 25, 2023

Food & Beverage

Performance Food Group, Inc. (through an affiliate) has acquired Orion Food Systems Holdings, LLC (OLM), a manufacturer and distributor of pizza, sandwiches, breakfast and snack solutions for the convenience-store foodservice channel. One Rock Capital Partners sold its portfolio company OLM to PFG; financial terms were not disclosed. The acquisition expands PFG's foodservice capabilities and presence in the convenience-store channel.

BradyIFS + Envoy Solutions Acquires PFS Sales Company

December 5, 2023

Logistics & Distribution

BradyIFS + Envoy Solutions, a merged distributor of janitorial/sanitation, foodservice disposables and industrial packaging, has acquired PFS Sales Company to expand its footprint in the Carolinas and the broader Southeast. Terms were not disclosed; the acquisition will strengthen BradyIFS + Envoy Solutions' foodservice disposables and JanSan presence and provide PFS with additional resources to grow.