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US Foods acquires Smart Foodservice for $970M - Daily Herald
Web• US Foods will acquire Smart Foodservice Warehouse Stores, a chain of 70 small-format cash and carry stores, from funds managed by affiliates of Apollo Global Management • All cash acquisition valued at $970 million Transaction economics • Adjusted EBITDA multiple of 11.4x based on Smart Foodservice Warehouse Store’s WebMay 15, 2024 · According to nutrition scientist PK Newby, smart food represents a natural evolution of nutrification. “First, we were just adding a single nutrient [to food] because we could prevent deficiencies. Now, we’re basically preparing whole meals that give us our nutrient needs,” she explained at the Seeds and Chips conference in Milan last week. earl douglas kinard jr texas
Smart & Final History: Founding, Timeline, and Milestones - Zippia
WebJul 19, 2024 · US Foods, Inc. (USF) is a leading North American foodservice distributor, with annual revenues of around $23 billion as of April 3, 2024. The company operates as a national broad-line distributor, providing a complete range of products to restaurants, hospitality, education, healthcare and other end segments. WebMay 13, 2024 · Last April, Apollo sold Smart & Final’s Smart Foodservice Warehouse Stores banner to US Foods for $970 million. At the time, Portland, Ore.-based Smart Foodservice had sales of about $1.1 ... WebMay 14, 2024 · Smart & Final is owned by the private investor Apollo Global Management, which acquired it along with a since-spun-off foodservice supply business two years ago for $1.1 billion. Apollo sold Smart Foodservice to U.S. Foods in 2024 for $970 million, indicating that it sold the chains for about $500 million more than it paid to acquire them. earl doncaster hotel