CD&R Partnership Investment in Cheney Brothers
July 23, 2020
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.
- Targets
- Cheney Brothers, Inc.
- Industry
- Food & Beverage
- Location
- Florida, United States
- Transaction Type
- Growth capital
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