Skip To The Main Content

News & Events

Matter Highlights Go Back

Performance Food Group Company and Selling Stockholders Complete $229 Million Secondary Offering

01.13.17

Simpson Thacher represented Performance Food Group Company (NYSE: PFGC) (the “Company”) and selling stockholders affiliated with The Blackstone Group L.P. in connection with a public offering of common stock by certain selling stockholders (the “Selling Stockholders”).

The Selling Stockholders sold 10,000,000 shares of common stock in the offering. The Selling Stockholders received all the net proceeds from the offering.

Goldman, Sachs & Co. acted as sole underwriter for the offering.

Through its family of leading foodservice distributors – Performance Foodservice, Vistar and PFG Customized – the Company markets and distributes approximately 150,000 food and food-related products from 73 distribution centers to over 150,000 customer locations across the United States. The Company’s 13,000+ associates serve a diverse mix of customers, from independent and chain restaurants to schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, big box retailers and theaters. The Company sources its products from more than 5,000 suppliers and serves as an important partner to its suppliers by providing them access to the Company’s broad customer base.

The Simpson Thacher team included Ed Tolley, Lisa Zhang and Matthew Kemp (Capital Markets); Gary Mandel and Drew Purcell (Tax); and James Rapp (Public Company Advisory Practice).