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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 James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (disambiguat ...
. 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 includ ...
(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 New York, o ...
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 b ...
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, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...
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 Core-Mark Holding Company distributes fresh, chilled and frozen merchandise mainly to convenience stores in the United States. It also provides associated business services such as category management and management of promotions. History Core-M ...
(2021) *
Eby-Brown Eby-Brown is the largest privately owned tobacco, candy and convenience distributor in the United States. Founded in 1887, Eby-Brown has been led by members of the Wake family for over 50 years. On March 19, 2019, Eby-Brown announced that it ha ...
(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