US Foods Holding, the second-largest US foodservice distributor, filed on Tuesday with the SEC to raise up to $1 billion based on our estimates.
In 2007, CDR and KKR acquired US Foods from Royal Ahold NV. In December 2013, US Foods agreed to be acquired by Sysco, however Sysco terminated the proposed merger in June 2015 after failing to gain government approval.
Competitor Performance Food Group went public in September 2015 and raised $276 million.
The Rosemont, IL-based company was founded in 1853 and booked $22.9 billion in sales for the 12 months ended September 30, 2015. It plans to list on the NYSE under the symbol USFD. No underwriters or pricing terms were disclosed.
