When the US Foods Mega-Merger Died — PFG's Standalone Strategy

In November 2025, PFG and US Foods jointly terminated their information-sharing process to explore a merger that would have created the largest broadline distributor in North America — overtaking Sysco. The deal died over regulatory concerns and synergy uncertainty. This module covers what almost happened, why it died, and what PFG's standalone playbook looks like — answering the interview question "Why PFG over Sysco or US Foods?" with substance.