BB&T Capital Markets Serves As Exclusive Financial Advisor to T.F. Kinnealey & Co. in Its Sale to Performance Food Group Company
On October 14, 2016, T.F. Kinnealey & Co. (“Kinnealey” or the “Company”) was acquired by Performance Food Group Company (NYSE:PFGC). BB&T Capital Markets served as the exclusive financial advisor to Kinnealey.
About the Companies
Headquartered in Brockton, MA, Kinnealey is a premier specialty distributor of high quality, custom cut, center-of-plate meats and ancillary products in New England. Kinnealey distributes its products to a leading group of white table cloth restaurants, institutions, and clubs. The Company was founded in 1939.
Through its family of leading foodservice distributors – Performance Foodservice, Vistar, and PFG Customized – Performance Food Group Company (“PFG”) markets and distributes approximately 150,000 food and food-related products from 71 distribution centers to over 150,000 customer locations across the United States. PFG’s 13,000+ associates serve a diverse mix of customers, from independent and chain restaurants to schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, big box retailers, and theaters. PFG sources its products from more than 5,000 suppliers and serves as an important partner to its suppliers by providing them access to the company's broad customer base.
Food & Agribusiness
BB&T Capital Markets assists middle market clients across all sectors of the Food & Agribusiness industry. We have established relationships with a wide range of public and private food companies, private equity investors, and other industry participants. As full-service platform, we provide M&A advisory, equity underwriting, debt capital markets, corporate banking, sales and trading, and private capital raising services. Our nationally recognized industry expertise, combined with our best-in-class transaction execution, enables us to maximize outcomes for our corporate and private equity clients.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.