Performance Food Group Company (PFG) is an American company that was founded in 1885 in

Richmond, Virginia (Thus do we reach the stars) , image_map = , mapsize = 250 px , map_caption = Location within Virginia , pushpin_map = Virginia#USA , pushpin_label = Richmond , pushpin_m ...

, by food peddler James Capers. Headquartered in

Goochland County, Virginia Goochland County is a county located in the Piedmont of the Commonwealth of Virginia. Its southern border is formed by the James River. As of the 2020 census, the population was 24,727. Its county seat is Goochland. Goochland County is inclu ...

(just outside Richmond), the company distributes a range of food products, and has more than 22,000 employees. It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized.

History

James Capers' original business which was founded on 1885, grew into Pocahontas Foods. The company became Performance Food Group in 1987. In 2008, the company announced it was to be acquired by

Wellspring Capital Management Wellspring Capital Management is an American private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries. The firm, which is based in New York City, was founded in 1995 by Martin Davis ...

and

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate ...

for $1.3 billion. Two other foodservice companies owned by the private equity firms, snack food distributor Vistar and Italian foodservice company Roma Foods, were then merged into PFG. PFG went public on October 2, 2015, at

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed co ...

with issuing 14.5 million shares at $19 per share. The company is also a Fortune 500 company, which currently ranked at 114 as of 2021.

Acquisition History

* Core-Mark (2021) * Eby-Brown (2019) * Reinhart Foodservice (from

Reyes Holdings Reyes Holdings, LLC is an American foodservice wholesaler, distributor and bottler that ranks as th7th largest privately held company in the United States with annual sales in excess of $40B USD. Operations span North, Central and South America, ...

) (2019) * Springfield Foodservice Corp. (2001)

References

External links

PFGC official website
Companies based in Richmond, Virginia Catering and food service companies of the United States Companies listed on the New York Stock Exchange Food and drink companies established in 1885 2015 initial public offerings 1885 establishments in Virginia {{food-company-stub