US Foods Acquires IWC Food Service

February 15, 2024

US Foods Holding Corp. has agreed to acquire IWC Food Service (Institutional Wholesale Co., Inc.), a family-owned broadline foodservice distributor based in Cookeville, Tennessee, as a tuck-in to expand US Foods' footprint into central Tennessee. IWC, which generates more than $200 million in annual revenue and serves 2,700+ independent restaurants, will continue operating from its 160,000-square-foot facility and local cash-and-carry store; the deal is expected to close in Q2 2024 pending regulatory approval and terms were not disclosed.

Buyers
US Foods Holding Corp.
Targets
IWC Food Service (Institutional Wholesale Co., Inc.)
Industry
Food & Beverage
Location
Tennessee, United States
Transaction Type
Buyout

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