Cheney Brothers Net Worth: A Legacy of Success in Food Distribution
Cheney Brothers: Food Distribution Powerhouse with an Enduring Legacy How Much Are Cheney Brothers Worth? Estimated net worth: $3.2 billion Acquired by Performance Food Group in 2024 for $2.1 billion Annual revenue: $3.2 billion 3,600 employees Strong presence in the Southeast region Serving independent restaurants, healthcare facilities, and schools Key Players and Ownership Owned and operated by the Cheney family for decades Acquired by Performance Food Group in August 2024 Byron Russell, CEO of Cheney Brothers, expressed enthusiasm about the merger Erfolgsgeschichte Legacy in the grocery business since the 1960s Expanded into wholesale food distribution in the 1980s Grew through strategic acquisitions Focus on customer service and efficiency Leadership in the independent restaurant market Expansion and Growth Potential Acquisition by Performance Food Group expanded reach in the Southeast Increased distribution capacity Low penetration of private brands offers growth opportunities Growing foodservice industry presents potential for continued success Importance of Family Businesses Enduring power and longevity of family businesses Commitment to customer service and adapting to changing market Legacy as food distribution titans likely to continue for generations Additional Key Points Cameron Jordan has an estimated net worth of $45 million....