Announced
Completed
Financials
Tags
United States
specialty restaurant supply
Private
Acquisition
grocery stores
grocery wholesale supermarket
Friendly
Majority
Single Bidder
Private Equity
Food Retailers and Wholesalers
Completed
Synopsis
US Foods Holding, a foodservice distributor, completed the acquisition of Smart Foodservice Warehouse Stores, an operator of low-price warehouse grocery stores in the US, from private equity firm Apollo Global Management for $970m. “The management team at Smart Foodservice very much looks forward to working with the team at US Foods in accelerating our growth in the attractive cash and carry foodservice market. US Foods is an ideal partner for Smart Foodservice and we are excited about the synergistic and strategic benefits of the combination,” Derek Jones, Smart Foodservice President.
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