Deal Detail

SpartanNash to C&S Wholesale Grocers

EV / LTM EBITDA

6.8x

EV / LTM Sales

Enterprise Value

$1.8B

Primary Source

Manual

Comparable Transactions

Food Distribution transactions announced in the five years to June 2025. 4 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Aug 2024	Cheney Bros. Inc.	Performance Food Group	$2.1B	-	13.0x	Strategic
Nov 2022	Chef Middle East	Chef's Warehouse	$119M	-	9.6x	Strategic
Apr 2022	Riverview Acquisition Corp.	Westrock Coffee Company	-	-	14.5x	Financial
May 2021	Core-Mark Holding Company, Inc.	Performance Food Group	$2.4B	-	11.3x	Strategic
	Mean			-	12.1x
	Median			-	12.2x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	manual	Manual	-	2025	$1.8B	-	6.8x	-	-	Open