Who owns Gordon Food Service? This question is often asked by those who are curious about the background and ownership structure of one of the largest foodservice distributors in North America. Gordon Food Service, with its headquarters in West Michigan, has been a staple in the foodservice industry for over a century, providing a wide range of products and services to restaurants, schools, healthcare facilities, and other institutions.
Gordon Food Service was founded in 1927 by Gordon and Mildred Harnish in Grand Rapids, Michigan. The company started as a small family business, distributing meat and produce to local restaurants and grocery stores. Over the years, it has grown exponentially, expanding its product line and geographical reach. Today, Gordon Food Service operates in 22 states and employs over 25,000 people, making it a significant player in the foodservice industry.
The ownership of Gordon Food Service has evolved over the years. Initially, the company was a family-owned business, with the Harnish family holding a majority stake. However, in 1999, the company was acquired by the Ontario Teachers’ Pension Plan, a public pension plan for teachers in Ontario, Canada. This acquisition marked a significant milestone in the company’s history, as it allowed Gordon Food Service to invest in new technologies and expand its operations.
Under the ownership of the Ontario Teachers’ Pension Plan, Gordon Food Service continued to grow and diversify its business. The company expanded its product offerings to include everything from fresh produce and meats to frozen foods, beverages, and non-food items. Additionally, Gordon Food Service invested in technology, developing an online ordering platform and mobile app to enhance the customer experience.
In 2018, the Ontario Teachers’ Pension Plan sold a majority stake in Gordon Food Service to a consortium of private equity firms, including Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital. This new ownership structure has allowed Gordon Food Service to continue its growth trajectory, with a focus on innovation and customer satisfaction.
The current ownership of Gordon Food Service is a testament to the company’s commitment to excellence and its dedication to the foodservice industry. With a diverse range of products and services, a strong customer base, and a dedicated workforce, Gordon Food Service is well-positioned to continue its success in the years to come.
In conclusion, Gordon Food Service is currently owned by a consortium of private equity firms, including KKR and TPG Capital. This ownership structure has allowed the company to grow and diversify, while maintaining its commitment to providing high-quality products and services to its customers. As the foodservice industry continues to evolve, Gordon Food Service is poised to play a leading role in shaping its future.
