The Chefs' Warehouse, Inc. acquired Greenleaf Produce & Specialty Foods for $86.1 million.
May 30, 2023
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The Chefs' Warehouse, Inc. (NasdaqGS:CHEF) acquired Greenleaf, Inc. for $80 million on April 30, 2023. The final purchase price was $86.1 million consisting of $72.2 paid in cash at closing, $1.5 paid upon settlement of a net working capital true-up, the issuance of a $10,000 unsecured note and 75,008 shares of The Chefs' Warehouse?s common stock. The unsecured note matures on April 30, 2025 and bears interest of 4.47%.
The Chefs' Warehouse, Inc. (NasdaqGS:CHEF) completed the acquisition of Greenleaf, Inc. on April 30, 2023. Matt Ayanian, Jeff Cleveland and David Houser of Lincoln International acted as a financial advisor to Greenleaf Produce & Specialty Foods. Shearman & Sterling LLP provided legal counsel to The Chefs' Warehouse, Inc.
The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States, the Middle East and Canada. The Company offers stock-keeping units (SKUs), ranging from specialty foods and ingredients to basic ingredients and staples, produce and center-of-the-plate proteins. Its product categories include center-of-the-plate, dry goods, pastry, cheeses and charcuterie, produce, dairy and eggs, oils and vinegars and kitchen supplies. It operates through the food product distribution segment, which is concentrated primarily in the United States. The Companyâs customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. Its center-of-the-plate products include custom cut beef, seafood and hormone-free poultry, as well as produce and food products, such as cooking oils, butter, eggs, milk and flour.
THE CHEFS' WAREHOUSE, INC. 
