Clayton, Dubilier & Rice completed the acquisition of a minority stake in Cheney Brothers.

Clayton, Dubilier & Rice, a private equity firm, completed the acquisition of a minority stake in Cheney Brothers, a regional food distributor. Financial terms were not disclosed. “We have great respect for the company that Byron and his family have built and the long-term value they have created for customers, suppliers, and employees. As a firm, we have been investing in market-leading food distribution businesses like Cheney Brothers for 25 years, and we look forward to working closely with the management team, sharing our expertise, and supporting the company’s continued success," Kenneth Giuriceo, CD&R Partner.