Performance Food Group
American food distribution company
From Wikipedia, the free encyclopedia
Performance Food Group Company (PFG) is an American food service distributor. It is the third-largest food service distributor in the U.S., after Sysco and US Foods. The company supplies 250,000 products to 300,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions. It has 155 distribution centers.[1]
 | |
| Company type | Public |
|---|---|
| Founded | 1885 |
| Founder | Robert Sledd  |
| Headquarters | Richmond, Virginia, U.S. |
Key people | George Holm (chairman, president & CEO) James Hope (EVP & CFO) |
| Products | Prepackaged meals and frozen foods, fresh produce |
| Services | Foodservice distributor |
| Revenue |  US$63.298 billion (2025) |
 US$816 million (2025) | |
| US$340 million (2025) | |
| Total assets | US$17.881 billion (2025) |
| Total equity | US$4.472 billion (2025) |
Number of employees | 43,000 (2025) |
| Website | www |
| Footnotes / references [1] | |
It has three divisions: Foodservice, which distributes food products to restaurants (53% of 2025 revenues); Convenience, which distributes food products to convenience and grocery stores (39% of 2025 revenues); and Specialty, which distributes candy, snacks, and beverages (8% of 2025 revenues).[1]
The company is ranked 80th on the Fortune 500[2] and 1129th on the Forbes Global 2000.[3]
History
The company traces its roots to a business founded by James Capers in 1885 in Richmond, Virginia. It later became Pocahontas Foods.[4]
The company became Performance Food Group in 1987.[5]
In 2008, the company was acquired by investment funds managed by Wellspring Capital Management and Blackstone Inc. for $1.3 billion and it was merged with Vistar and Roma Foods.[6]
In October 2015, the company became a public company via an initial public offering.[7]
In May 2017, Blackstone sold its remaining stake in the company.[8]
Acquisitions
| # | Year | Company | Description | Ref(s). |
|---|---|---|---|---|
| 1 | July 2001 | Springfield Foodservice Corp. | Price was $85 million | [9][10] |
| 2 | April 2019 | Eby-Brown | [11] | |
| 3 | July 2019 | Reinhart Foodservice | Price was $2 billion; seller was Reyes Holdings | [12] |
| 4 | September 2021 | Core-Mark | Price was $2.5 billion | [13] |
| 5 | October 2024 | Cheney Brothers | Price was $2.1 billion in cash | [14] |
