Jetro Restaurant Depot
2026
$29.1B
Why
Announced March 30, 2026 to add a cash-and-carry warehouse channel for independent restaurants; pending as of October 2026.
Sysco Corporation
Foodservice Distribution and Supply ChainFounded 1969- HQ today: Houston, Texas, United States
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Sysco Acquisitions
11
Major Deals Covered
$32.2B
Disclosed Deal Value
What are Sysco's biggest acquisitions?
Sysco's largest disclosed acquisition here is Jetro Restaurant Depot for $29.1B in 2026. This page covers 11 major deals from 1999 to 2026, each with its price where disclosed and the reason behind it.
- Major deals covered
- 11
- Largest deal
- Jetro Restaurant Depot ($29.1B)
- First deal
- 1999
- Most recent
- 2026
| Company | Year | Price | Purpose |
|---|---|---|---|
| Newport Meat | 1999 | Undisclosed | Sysco acquired Newport Meat in 1999. |
| FreshPoint | 2000 | Undisclosed | Added a specialty fresh-produce distribution business. |
| Crossgar Foodservice | 2012 | Undisclosed | Sysco acquired Crossgar Foodservice in 2012. |
| Appert's Foodservice | 2012 | Undisclosed | Sysco acquired Appert's Foodservice in 2012. |
| Brakes Group | 2016 | $3.1B | After the US Foods merger was blocked in 2015, Sysco bought Brakes Group for about $3.1 billion to expand in Europe. |
| HFM FoodService | 2017 | Undisclosed | Sysco acquired HFM FoodService in 2017. |
| Doerle Food Services | 2018 | Undisclosed | Sysco acquired Doerle Food Services in 2018. |
| Kent Frozen Foods | 2018 | Undisclosed | Sysco acquired Kent Frozen Foods in 2018. |
| Greco and Sons | 2021 | Undisclosed | Sysco acquired Greco and Sons in 2021. |
| Paragon Foods | 2021 | Undisclosed | Sysco acquired Paragon Foods in 2021. |
| Jetro Restaurant Depot | 2026 | $29.1B | Announced March 30, 2026 to add a cash-and-carry warehouse channel for independent restaurants; pending as of October 2026. |
- What companies has Sysco bought?
- Major acquisitions by Sysco documented here include Jetro Restaurant Depot (2026), Brakes Group (2016), Greco and Sons (2021), Paragon Foods (2021) and Doerle Food Services (2018).
- What is Sysco's most recent acquisition?
- The most recent Sysco acquisition documented here is Jetro Restaurant Depot, in 2026, for $29.1B.
Greco and Sons
2021
Why
Sysco acquired Greco and Sons in 2021.
Paragon Foods
2021
Why
Sysco acquired Paragon Foods in 2021.
Doerle Food Services
2018
Why
Sysco acquired Doerle Food Services in 2018.
Kent Frozen Foods
2018
Why
Sysco acquired Kent Frozen Foods in 2018.
HFM FoodService
2017
Why
Sysco acquired HFM FoodService in 2017.
Brakes Group
2016
$3.1B
Why
After the US Foods merger was blocked in 2015, Sysco bought Brakes Group for about $3.1 billion to expand in Europe.
Impact
Added broadline foodservice operations in the United Kingdom, France, Ireland and Sweden.
Outcome
Brakes became the core of Sysco's International Foodservice Operations segment.
Crossgar Foodservice
2012
Why
Sysco acquired Crossgar Foodservice in 2012.
Appert's Foodservice
2012
Why
Sysco acquired Appert's Foodservice in 2012.
FreshPoint
2000
Why
Added a specialty fresh-produce distribution business.
Impact
Gave Sysco a dedicated produce platform it could sell alongside broadline delivery.
Outcome
FreshPoint remains Sysco's specialty produce operating company.
Newport Meat
1999
Why
Sysco acquired Newport Meat in 1999.
Sysco Corporation's Growth & Acquisition Strategy
Sysco is growing through local case growth, specialty category expansion, digital ordering, operational productivity, private-label penetration, national-account wins, international markets, and selective acquisitions. The Jetro deal would add 166 warehouse stores, about 725,000 independent restaurant and foodservice customers, and approximately $16 billion of 2025 revenue.
How Sysco Corporation Makes Money
Sysco makes money on the spread between what it pays suppliers and what it charges foodservice customers, plus delivery and service economics. It buys food and non-food products in bulk, stores them in temperature-controlled distribution centers, and delivers mixed orders to restaurants, healthcare, education, hospitality and government accounts. Margins are thin (operating margin was about 3.7% in fiscal 2026), so profit depends on route density, cases per stop, private-label penetration (Sysco Brand), specialty categories such as produce and protein, and the mix of higher-margin local independent customers versus large national chains served through SYGMA.
Sysco Acquisitions FAQ
What was Sysco's largest European acquisition in history?
In July 2016, Sysco acquired leading European foodservice distributor Brakes Group from Bain Capital in an enterprise transaction valued at $3.1 billion. The acquisition gave Sysco market-leading distribution networks in the UK, Ireland, France, and Sweden.
What was the landmark acquisition of CFS Continental in 1988?
In 1988, Sysco acquired CFS Continental for $750 million, the largest foodservice distribution deal of the 20th century. The transaction nearly doubled Sysco's volume and established its national distribution footprint across the western and midwestern United States.
How did the acquisition of FreshPoint in 2000 establish Sysco's produce dominance?
Sysco acquired FreshPoint Inc. in 2000 for approximately $100 million in stock and assumed debt, absorbing North America's largest specialty produce distributor and creating Sysco's specialized agricultural cold-chain distribution network.
Why did the federal courts block Sysco's proposed $3.5 billion merger with US Foods in 2015?
In 2015, U.S. District Judge Amit Mehta granted an FTC preliminary injunction blocking Sysco's $3.5 billion merger with US Foods, ruling that the combined entity would control over 75% of national account distribution, significantly harming competition.
What was the strategic rationale behind acquiring Greco and Sons in 2021?
In 2021, Sysco acquired Greco and Sons, a leading independent Italian specialty food distributor with over $800 million in annual revenues. The acquisition created a dedicated Italian Cuisine platform within Sysco to serve pizzerias and Italian restaurants.
What was the acquisition of The Coastal Companies in late 2021?
In December 2021, Sysco acquired The Coastal Companies, a premier Mid-Atlantic fresh produce distributor and value-added processor. The acquisition expanded Sysco's FreshPoint network with state-of-the-art cut produce manufacturing facilities.
Why did Sysco acquire Edward Don & Company in 2023?
In December 2023, Sysco acquired Edward Don & Company, a major national distributor of commercial foodservice equipment and kitchen supplies, enabling Sysco to provide complete turnkey kitchen design, heavy equipment, and tableware alongside food ingredients.
What is Sysco's standard "tuck-in" acquisition playbook for regional distributors?
Sysco systematically acquires small-to-midsize regional family-owned distributors, retaining local sales reps and customer relationships while migrating warehouse inventory, IT purchasing, and private label sourcing onto Sysco's national infrastructure to unlock immediate margin synergies.
What specialty protein and butcher company acquisitions has Sysco executed?
Sysco built its Specialty Meats division by acquiring premier artisan meat purveyors across North America, including Buckhead Meat (Atlanta), Newport Meat (California), Freedman Meats (Texas), and Allen Brothers (Chicago).
How did Sysco expand into Latin America and the Caribbean through M&A?
Sysco expanded across the Caribbean and Central America by acquiring majority equity stakes in Bahamas Food Services (BFS), Costa Rica's Mayca Distribuidores, and Pacific Foods in Mexico, servicing regional resort and tourism markets.
What divestitures did Sysco execute to optimize its portfolio?
Following the Brakes Group buyout, Sysco selectively divested non-core regional assets and underperforming European facilities, refocusing capital on high-margin independent restaurant distribution hubs in North America.
What is Sysco's forward-looking M&A strategy under CEO Kevin Hourican?
Under Kevin Hourican, Sysco is actively pursuing specialty ethnic food distributors (Asian, Hispanic, Mediterranean), automated micro-fulfillment logistics providers, and supply chain software platforms to expand independent restaurant market share.
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