Industry Update: Distribution
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Distribution industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On March 18, 2022, LKQ Corporation said it agreed to sell PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, to private equity firm One Equity Partners. LKQ had bought PGW in early 2016 for $635 million, and shortly after sold off the company’s OEM operations to Vitro, North America’s largest glassmaker, for $310 million.
- On February 14, 2022, Sysco Corporation, the leading global foodservice distribution company, announced it completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.
Past Industry Updates
