Sysco Announces $29.1 Billion Acquisition of Restaurant Depot to Expand Its Business

Sysco announced the acquisition of Restaurant Depot for approximately $29.1 billion, a deal expected to boost combined revenue and EBITDA, and become immediately accretive to margins, EPS, and free cash flow. Sysco plans to open new locations and reaffirms its 2026 guidance.

SYY has announced a definitive agreement to acquire Jetro Restaurant Depot for approximately $29.1 billion in what the company calls a "transformative transaction" for the foodservice distribution industry. The deal combines two complementary leaders in foodservice distribution, with Jetro set to operate as a standalone segment within Sysco .

The acquisition is expected to be immediately accretive to margins, EPS, and free cash flow, with approximately $250 million in annualized net cost synergies projected within three years . Sysco also plans to open more than 125 new Jetro locations over the next two decades, significantly expanding its distribution footprint.

The deal reaffirms Sysco's fiscal 2026 guidance, signaling management's confidence in executing the integration while maintaining current operational performance . For investors, the transaction represents Sysco's largest acquisition by a wide margin and a bet on consolidation in the fragmented foodservice distribution market.