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

One Rock-backed Orion Food Systems Acquires Land Mark Products

April 4, 2019

Food & Beverage

Orion Food Systems and Land Mark Products have entered a definitive merger agreement to create a combined foodservice company serving convenience store operators; the transaction is backed by an affiliate of One Rock Capital Partners. Land Mark owners will remain investors and continue in leadership roles while the combined company will offer an expanded portfolio of pizza, sandwich and prepared-food solutions across more markets. Financial 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.

Performance Food Group Acquires Cheney Bros. for $2.1B

September 3, 2024

Food & Beverage

Performance Food Group (PFG) has acquired Cheney Bros., Inc., a leading independent broadline foodservice distributor based in Riviera Beach, Florida, for $2.1 billion in cash. The deal adds approximately $3.2 billion of annual revenue, ~3,600 employees and five distribution centers in the U.S. Southeast, and PFG expects about $50 million of annual run-rate synergies primarily from procurement, operations and logistics.

Investindustrial Acquires Parker Food Group from The Riverside Company

August 11, 2022

Food & Beverage

An investment vehicle held by Investindustrial VII L.P. has acquired Parker Food Group (PFG), a Fort Worth–based developer and manufacturer of specialty inclusions, toppings and bakery/confectionery components, from The Riverside Company. Investindustrial plans to integrate PFG into its broader food ingredients group to accelerate growth and expand capabilities and market reach.

The Planet Group Acquires OmniPoint Staffing

June 28, 2021

Staffing & HR

The Planet Group, a portfolio company of Odyssey Investment Partners, has agreed to acquire OmniPoint Staffing, a full-service IT staff augmentation firm that specializes in ERP and infrastructure projects. The add-on expands The Planet Group's Technology portfolio and strengthens its Workday and enterprise systems staffing capabilities.

Orion Acquires Summit Wealth Systems

January 2, 2025

Financial Services

Orion has completed the acquisition of Summit Wealth Systems, an award-winning advisor technology provider. Summit's co-founder and CEO Reed Colley joined Orion as President of Orion Advisor Technology, and Summit's 12 employees transitioned to Orion as the company integrates Summit's software into its platform.