Industry Update: Distribution

By: John Bintz | PJ Patel | Charles Sapnas

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.

Read the full report: Distribution: July 2020

July 2020 Industry Highlights

  • On April 21, 2020, US Foods Holding Corp. announced that affiliates of KKR have agreed to purchase $500 million in newly issued convertible preferred stock of US Foods. KKR’s $500 million convertible preferred stock investment carries a 7% dividend, which will be payable in-kind in its first year, and in cash or in-kind, at US Foods’ option, thereafter. The convertible preferred stock will be convertible into shares of US Foods common stock at a conversion price of $21.50 per share.
  • On June 23, 2020, Sinovation Ventures (Beijing) Enterprise Management Limited and Grainger China management team entered into a definitive agreement to acquire Grainger China LLC from W.W. Grainger, Inc. Grainger, a supplier of tools and other products, said that the sale will better enable it to focus on its key businesses and geographies. The company will keep its global sourcing operations in China.
  • Read the full July 2020 Distribution industry report.

Past Industry Updates:

Distribution: May 2020

Distribution: December 2019

Distribution: October 2019

Distribution: March 2019

Distribution: July 2017

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