On the other side, Cheney Bros. is represented by Davis Polk & Wardwell LLP, with a team led by corporate partner Louis Goldberg. Clayton Dubilier & Rice, the private equity firm backing Cheney Bros., is represented by Debevoise & Plimpton LLP, with a team led by M&A partners Spencer Gilbert and Kevin Schmidt.
Industry Impact
The acquisition of Cheney Bros. for $2.1 billion represents a significant move by PFG to strengthen its position in the competitive foodservice industry. With Cheney Bros.’ strong regional presence and PFG’s expansive reach, the combined entity is well-positioned to drive growth and innovation in the food distribution market.
As the deal progresses toward finalization, both companies are set to leverage their combined strengths to enhance service delivery and operational efficiency, creating a robust platform for future success.
