AcquisitionMar 30, 2026Pending
🇺🇸 United States
JRJetro Restaurant DepotSSysco
Consumer & Retail › Retail
Enterprise value$29.1BEnterprise value
AnnouncedMar 30, 2026
ConsiderationCash and stock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Sysco entered into an agreement to acquire Jetro Restaurant Depot, a U.S. cash & carry foodservice wholesaler, for $21.6 billion in cash and 91.5 million Sysco shares, a total enterprise value of about $29.1 billion.
Deal rationale
The deal lets Sysco enter the higher-margin, growing cash & carry channel serving small independent restaurants, with expected accretion and about $250 million of annual cost synergies.
AI-generated from the SEC filingPendingConsumer & Retail › RetailUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $29.1B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
GSGoldman SachsTSTD Securities
Sell-side
EEvercoreJPJ.P. Morgan
Parties
Target
JRJetro Restaurant Depot
- Headquarters
- United States
- Ticker
- —
Seller
LGLeonard Green & Partners, L.P.
- Headquarters
- —
- Ticker
- —