Sysco serves more than 700,000 restaurants, hospitals, schools and hotels.
FILE – Specialist John McNierney works at the post that handles Sysco, on the floor of the New York Stock Exchange, Monday, June 29, 2015. NEW YORK — Sysco, the nation’s largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.
The acquisition would create a closer link between Sysco and customers that rely on Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”Trying again: Environmental groups want a rehearing on California rooftop solar rulesBallot language backing tax on second home in San Diego must be changed, judge rulesSysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired on a regular basis to cover items that these locations know they’ll need. Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they’ve purchased from suppliers like Sysco. It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs. Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion. Restaurant Depot was founded in Brooklyn in 1976. The family run business then known as Jetro Restaurant Depot, has become the nation’s largest cash-and-carry wholesaler.San Diego loses population as immigration nosedives. What are the consequences? Its schools are falling apart, and voters won’t pass a bond. Could a little-used tactic help this district?Crews battle brush fire in Santee that prompted evacuation of shoppersTom Krasovic: MLB denying the Padres competitive-balance draft picks makes no senseTens of thousands of San Diegans gather countywide for third No Kings protests
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Sysco expands into high-margin restaurant segment with $29 billion dealSysco, the nation’s largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion. The acquisition announced Monday would create a closer link between Sysco and customers that rely on Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.
Read more »