Performance Food Group Acquires Core‑Mark

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.

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.

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.

CFS Brands Acquires Cornerstone Foodservice Group

December 4, 2025

Manufacturing

CFS Brands, the Oklahoma City–based foodservice products manufacturer, has acquired Cornerstone Foodservice Group (CFG), the Naperville, Illinois–headquartered owner of Spring USA, LloydPans, Equipex, Astra and Versa‑Gard. The deal brings CFG’s manufacturing footprint and complementary commercial foodservice equipment brands into CFS Brands’ portfolio to broaden product capabilities and deepen its front- and back-of-house offering.

CORE Industrial Partners Acquires TCG Legacy

October 6, 2020

Marketing & Advertising

CORE Industrial Partners completed a platform investment in TCG Legacy, Inc., a Raleigh-based marketing solutions provider specializing in printing and packaging for pharmaceutical, consumer products, technology and higher education clients. CORE said it will augment TCG Legacy's capabilities and geographic reach and use the company as a platform for complementary acquisitions to build a national organization.

West Lane Capital Partners Acquires Majority Stake in Non‑Foods Marketing Corp.

February 23, 2023

Consumer Products

West Lane Capital Partners has acquired a majority stake in Non‑Foods Marketing Corp. (NFM), a New York‑based national buying service and developer/marketer of general merchandise sold under the Living Concepts brand. Founder Tony Gusta will remain CEO and retain an ownership stake as West Lane partners with the company to expand its customer, product and distribution channels domestically and internationally.