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Associate, Corporate Development

KeHE

Naperville, IL · Posted October 20, 2026

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About the job

Why Work for KeHE?

Full-time

Pay Range: $108,680.00/Yr. - $159,297.00/Yr.

Shift Days: , Shift Time:

Benefits on Day 1

Health/Rx

Dental

Vision

Flexible and health spending accounts (FSA/HSA)

Supplemental life insurance

401(k)

Paid time off

Paid sick time

Short term & long term disability coverage (STD/LTD)

Employee stock ownership (ESOP)

Holiday pay for company designated holidays

Overview

At KeHE, we’re obsessed with creating solutions, unboxing potential, and serving others – and it all starts with you. As an employee-owned distributor of natural and organic, specialty, and fresh products, we’re committed to making a positive impact and scaling our success together. With a culture that fosters development and opportunity, you’ll be embarking on a career that’s moving forward.

When you join KeHE, you’re becoming part of a team that is a force for good.

Primary Responsibilities

The Corporate Development Associate will play a key role in evaluating and executing Merger & Acquisition (M&A) transactions, strategic partnerships, and other corporate development initiatives. This role will work directly with senior leadership to drive inorganic growth and long-term value creation.

As with all positions at KeHE Distributors, we expect that all actions will be consistent with KeHE’s Mission, Vision, and Values.

Essential Functions

DUTIES, TASKS AND RESPONSIBILITIES:

Lead financial analysis and support all phases of M&A transactions including target identification, valuation, due diligence, deal structuring, negotiation support, and closing

Build and maintain detailed financial models including discounted cash flow (DCF) analyses, pro forma synergy analyses, comparable company analyses, precedent transaction analyses, and ESOP-specific valuation considerations

Source and screen potential acquisition targets; maintain and manage the corporate development pipeline

Coordinate cross-functional due diligence workstreams across finance, operations, legal, tax, HR, and IT; synthesize findings into clear recommendations

Conduct industry research, competitive landscape assessments, and market mapping exercises to identify trends, white-space opportunities, and potential targets

Partner with integration teams on Day 1 readiness planning, synergy identification, and post-close execution tracking

Prepare Board-ready presentations, investment committee memoranda, and management updates summarizing deal rationale, financial impact, and strategic fit

Support other strategic projects as needed, including divestitures, joint ventures, minority investments, partnership evaluations and capital allocation analyses

Other duties and projects as assigned

SKILLS, KNOWLEDGE AND ABILITIES:

Expert-level financial modeling and valuation skills.

Proficiency in Microsoft Office with advanced skills in Excel and PowerPoint

Strong analytical and quantitative skills with exceptional attention to detail

Proven ability to manage multiple workstreams simultaneously under tight deadlines

Excellent written and verbal communication skills, with the ability to distill complex analyses into clear, executive-level narratives

Exposure to the consumer goods, food & beverage, distribution, or retail sectors

Familiarity with industry databases and tools (e.g., Capital IQ, PitchBook) a plus

Minimum Requirements, Qualifications, Additional Skills, Aptitude

EDUCATION AND EXPERIENCE:

Bachelor's degree in Finance, Accounting, Economics, Business, or a related field

Minimum of 3–5 years of experience in investment banking (M&A, leveraged finance, or coverage groups with significant M&A exposure) required

Experience using AI-driven tools to optimize data extraction and analysis, and enhance decision-making processes

MBA or progress toward CFA designation preferred

Experience in middle-market or large-cap M&A advisory preferred

PHYSICAL REQUIREMENTS:

These physical demands are representative of the physical requirements necessary for an employee to successfully perform the essential functions of the job.

Requisition ID

2026-31222 Equal Employer Opportunity Statement

KeHE Distributors provides equal employment opportunities to all employees and applicants for employment and prohibits all forms of discrimination and harassment on the basis of race, color, religion or faith, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training as well as the administration of all Human Resources and Talent Acquisition processes.

The Corporate Development Associate will play a key role in evaluating and executing Merger & Acquisition (M&A) transactions, strategic partnerships, and other corporate development initiatives. This role will work directly with senior leadership to drive inorganic growth and long-term value creation.

As with all positions at KeHE Distributors, we expect that all actions will be consistent with KeHE’s Mission, Vision, and Values.

EDUCATION AND EXPERIENCE:

Bachelor's degree in Finance, Accounting, Economics, Business, or a related field

Minimum of 3–5 years of experience in investment banking (M&A, leveraged finance, or coverage groups with significant M&A exposure) required

Experience using AI-driven tools to optimize data extraction and analysis, and enhance decision-making processes

MBA or progress toward CFA designation preferred

Experience in middle-market or large-cap M&A advisory preferred

PHYSICAL REQUIREMENTS:

These physical demands are representative of the physical requirements necessary for an employee to successfully perform the essential functions of the job.