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.