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 […]
Tag: Apollo Global Management
Posted inSoutheast, Corporate Store News, Executive News, Home Page Slider, Nonfood Items
The Fresh Market Board Of Directors Appoints Potter As New CEO
The Fresh Market Inc. Board of Directors has appointed Jason Potter as CEO, replacing Larry Appel, who has resigned. Potter’s appointment was effective March 2. Potter has more than 30 years of experience in the grocery industry, having spent the bulk of his career at Sobeys Inc., one of the largest food retailers in North […]
Posted inRecommended Reading, Corporate Store News, Home Page Slider, West
Recommended: Apollo Seeks Sale Of Smart & Final’s Food Warehouse Stores
Private equity firm Apollo Global Management Inc. is exploring a sale of the warehouse store business of Smart & Final Stores LLC, the U.S. food retailer it acquired in June, people familiar with the matter said on Friday. Apollo is seeking more than $1 billion for the business, close to the price tag of $1.1 […]