---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-234397"
form_type: "8-K"
ticker: "PFGC"
cik: "0001618673"
company_name: "Performance Food Group Co"
filed_at: "2024-10-08T23:59:59+00:00"
generated_at: "2026-05-30T18:02:42.187265+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PFG completes $2.095B Cheney Brothers acquisition; raises FY2025 outlook

## Summary
- Acquired Cheney Brothers for $2.095B in cash, adding ~$3.2B annual revenue and 5 distribution centers in FL/NC.
- Expects ~$50M annual run-rate cost synergies by third full fiscal year post-close.
- FY2025 net sales guidance raised to $62.5B-$63.5B (prior $60B-$61B); Adjusted EBITDA to $1.7B-$1.8B (prior $1.6B-$1.7B).
- Transaction expected to be accretive to adjusted diluted EPS by end of first full fiscal year.
- Purchase price reflects 13.0x Cheney's TTM Adjusted EBITDA, or 9.9x including synergies.

## SEC filing metadata
- accession: 0001193125-24-234397
- form_type: 8-K
- ticker: PFGC
- cik: 0001618673
- company_name: Performance Food Group Co
- filed_at: 2024-10-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618673/000119312524234397/0001193125-24-234397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618673/000119312524234397/d838819d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-234397
- JSON: https://secwatch.observer/filing/0001193125-24-234397.json
- Plain text: https://secwatch.observer/filing/0001193125-24-234397.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.