US Foods Holding Corp. has entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management Inc. for $970 million in cash. Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants […]
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Smart & Final Agrees To Be Acquired By Apollo Funds
Smart & Final Stores Inc., a value-oriented food and everyday staples retailer headquartered in Commerce, California, has entered into a definitive merger agreement with certain investment funds managed by affiliates of Apollo Global Management LLC. According to the agreement, announced April 16, Apollo Funds will acquire all the outstanding shares of Smart & Final’s common […]