Performance Food Group

• Performance Food Group is one of the biggest public food service distributors in the US.
• In 2020, the company generated $25.1 billion in revenue, an increase of 27.1% compared to the previous year.
• However, their EBITDA decreased by 14.7% to $405.5 million, representing only 1.6% of the total sales of the company.

US Food Holdings

• US Food Holdings is another major food service distributor in the United States.
• In 2019, the company generated a total of $6.9 billion, representing an increase of 14.8% compared to 2018.
• Contrary to PFG, US Food Holdings' EBITDA increased by 12.8% to $335 million, which amounts to 4.85% of the total sales.

Sysco

• Sysco is the largest food service distributor in the United States, with over 8,500 trucks. 
• In 2020, Sysco generated $52.9 billion in sales, a 12% decrease from 2019.
• Their EBITDA was also one of the lowest in 2020, at only $293.4 million or only 0.55% of the total sales.
• In contrast, their 2019 EBITDA was $2 billion, representing over 3.3% of the company's 2019 total sales.

United Natural Foods

• UNFI is the premier distributor of wholesale food and meat products in the US.
• 2019 was a record year for the company, doubling its revenue in a year, going from roughly $10.2 billion in 2018 to $21.4 billion in 2019.
• Their EBITDA also increased accordingly, reaching $562.5 million or about 2.63% of the total sales.

Sysco's acquisitions

• Sysco acquired Doerle Food Services, a leading Louisiana broadline food distributor for an undisclosed amount in February 2018. Doerle's 2017 revenue amounted to roughly $250 million.
• In January 2019, Sysco acquired the Illinois-based broadline food distributor Waugh Foods for an undisclosed amount. Waugh Foods generated $40 million in revenue at the end of 2018.
• In April of the same year, Sysco acquired two meat distributors, J&M Wholesale Meats and Imperio Foods. The two companies generated a combined revenue of $44 million the previous year.
• Several months later, in August, Sysco acquired another broadline food distributor, the Huntsville, New York-based J. Kings Food Service Professionals, which brought $150 million in annual sales in 2018.
• Sysco also acquired two of the largest fresh product distributors in Hawaii, Armstrong Produce and Kula Produce for an undisclosed amount. In 2018, Armstrong Produce generated $89 million in sales, while Kula Produce generated $61 million. 

US Food Holdings acquisitions

• US Food Holdings has only made two acquisitions in the last 2-3 years.
• In July 2017, US Foods acquired the Nebraska-based broadline food distributor, TOBA Inc. and all of its subsidiaries for an undisclosed amount. In 2016, the company brought over $130 million in sales.
• A year later, US Foods announced that it has placed a $1.8 billion bid for the acquisition of the SGA's Food Group of Companies, one of the biggest regional broadline distributors in the US.
• SGA's Food Group of Companies generated a total of $3.2 billion in revenue in 2018.
• As SGA's EBITDA in 2018 was estimated to reach about $123 million, the total EBITDA multiple for the deal amounted to about 12.5 times.

United Natural Foods acquisitions

• United Natural Foods has made a single acquisition in the last 3 years.
• On July 26, 2018, United Natural Foods and SUPERVALU announced that they have entered into an agreement under which UNFI will acquire SUPERVALU for $2.9 billion. 
• SuperValu generated $3.25 billion in sales in 2018, with an EBITDA of $478 million.
• This means that the EBITDA multiple for the SuperValu acquisition was roughly 6.1 times ($2.9 billion / $478 million).