William Blair served as the exclusive financial advisor to Orion Food Systems Holdings, LLC (OLM), a portfolio company of One Rock Capital Partners, LLC (One Rock), in connection with its sale to Performance Food Group Company. (Performance Food Group). The transaction closed on July 11, 2023.
About the Companies
OLM is a leading provider and distributor of high-quality foodservice solutions to the c-store industry, servicing over 1,500 convenience stores as well as co-manufacturing customers across the U.S. and abroad. OLM’s offering includes a diverse portfolio of branded solutions including Hot Stuff Kitchen, pcpizza, Papa Primo’s, Day’N Night Bites and private label solutions. OLM specializes in the latest technology and marketing to empower their customers’ growth. OLM strives to craft genuine partnerships in making people’s lives easier by conveniently providing delicious and accessible food. For more information, visit https://olmfoods.com/.
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.
Performance Food Group is one of the largest U.S. foodservice distributors, providing customized food products and services to the restaurant channel, retail channel and institutional customers for close to 15 decades. The company operates through a variety of brands with a vast portfolio of over 300,000 products: entrees, groceries, frozen foods, non-food items and more. The company’s commitment to quality and focus on efficiency puts them on the forefront of industry best practices.
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