(May 16) Shareholders of Performance Food Group Co., Richmond, Va., have approved a $1.3 billion sale of the company to private-equity firms the Blackstone Group and Wellspring Capital Management LLC, the Richmond Times-Dispatch reported.

PFG will merge with Denver-based Vistar Corp., a smaller food-service company.

The Performance Food Group name will remain, and the firm will be headed by George Holm, Vistar president and chief executive officer, the newspaper reported.

The deal is expected to close in June.