Performance Food Group Company

What does Performance Food Group own?
PFG owns a portfolio of distribution businesses: the Performance Foodservice broadline operation, Core-Mark convenience wholesale, Vistar specialty distribution, and acquired regional names including Cheney Brothers, Reinhart Foodservice, and José Santiago. It also owns private-label product brands such as West Creek.

Is Performance Food Group publicly traded?
Yes. PFG trades on the New York Stock Exchange under ticker PFGC. It listed in October 2015 after being taken private by Blackstone and Wellspring in 2008, and its market capitalization reached approximately $14 billion by the end of fiscal 2025.

Who founded Performance Food Group?
PFG was formed in 2002 by the merger of Pocahontas Foods USA and Performance Food Group, two regional distributors, rather than founded by an individual. George Holm has led the company as CEO through its public era and serves as chairman and CEO.

Where is Performance Food Group headquartered?
PFG is headquartered in the Richmond, Virginia area, in Goochland County. The company operates 155 distribution centers across North America but keeps its corporate base in the Richmond region where predecessor Pocahontas Foods was founded.

How many brands does Performance Food Group own?
PFG operates a small set of distribution brands: Performance Foodservice, Core-Mark, Vistar, Cheney Brothers, Reinhart, and José Santiago, plus private-label product lines like West Creek. It distributes other manufacturers' food brands rather than owning consumer-facing brands itself.

Who owns Performance Food Group?
PFG is owned by public shareholders with no controlling owner. Major institutional holders include Vanguard, BlackRock, and State Street. Chairman and CEO George Holm leads the company.

Performance Food Group formed in 2002 through the merger of two distributors: Pocahontas Foods USA, a Richmond-based purchasing cooperative-turned-distributor founded in 1981, and Performance Food Group, a Middendorf-rooted foodservice distributor. The combined company took the Performance Food Group name and Richmond headquarters.

Private equity shaped the early structure. Blackstone Group and Wellspring Capital Management took the company private in a 2008 leveraged buyout valued at roughly $1.3 billion, during which PFG continued acquiring regional distributors through the financial crisis.

The company returned to public markets in October 2015, listing on the NYSE under PFGC at a market capitalization near $2 billion with about $15 billion in annual sales. George Holm, a foodservice veteran, has led the company as CEO through the entire public era and holds the chairman title as well.

The current scale came from a series of large deals. In 2019 PFG acquired Eby-Brown, a major convenience distributor, and folded it with the earlier-acquired Vistar snack business. In 2021 it bought Core-Mark, one of the largest convenience wholesalers in North America, for approximately $2.5 billion, and Reinhart Foodservice from Reyes Holdings for approximately $2 billion. In October 2024 it acquired Cheney Brothers, a leading independent southeastern foodservice distributor, in a deal reported around $2.1 billion, and in 2025 added José Santiago, expanding into Puerto Rico.

Fiscal 2025, ended June 28, 2025, produced net sales of $63.3 billion, up 8.6 percent, and adjusted EBITDA of $1.8 billion, up 17.3 percent. Net income fell 22 percent to $340.2 million on acquisition, integration, and financing costs. Management's fiscal 2026 guidance calls for net sales of $67 billion to $68 billion and adjusted EBITDA of $1.9 billion to $2.0 billion under a three-year plan targeting continued share gains.

PFG has no history of headline-scale scandals. Its regulatory exposure is the ordinary kind for a food distributor: FDA and USDA compliance across its warehouses and products, food-safety recall execution when manufacturers pull items, and DOT regulation of its delivery fleet.

The more substantive criticism is structural and sector-wide. Independent restaurants periodically complain that the top three distributors exert oligopoly pricing power, and PFG has been named in industry antitrust litigation alleging price coordination among major foodservice distributors; the company denies wrongdoing and the matters have proceeded through civil litigation without a finding against it. Labor issues are typical of the industry: driver and warehouse staffing pressures, union negotiations at various facilities, and pandemic-era workforce disputes that have since normalized.