Sysco Expands with Restaurant Depot Acquisition

Sysco, the nation’s leading food distributor, has announced its agreement to acquire Restaurant Depot, a supplier specializing in the “cash and carry” wholesale segment. The deal is valued at over $29 billion, marking a significant expansion for Sysco.

Deal Details and Financials

The acquisition will strengthen Sysco’s connection with customers who rely on Restaurant Depot for quick access to essential supplies. Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million shares of Sysco stock. Based on Sysco’s closing stock price of $81.80 on March 27, 2026, the enterprise value of the deal is approximately $29.1 billion.

Restaurant Depot’s Role in the Industry

Restaurant Depot provides memberships to restaurants and other businesses, granting them access to well-stocked warehouses. This allows establishments to quickly replenish items they need in addition to regular orders from suppliers like Sysco. The company was founded in Brooklyn in 1976, originally as Jetro Restaurant Depot, and has grown to become the largest cash and carry wholesale distributor in the country.

Strategic Implications for Sysco

This acquisition targets a rapidly growing and high-margin segment of the food service industry. It is anticipated that thousands of restaurants will increasingly depend on Sysco for their daily needs as a result of this deal. Sysco currently serves over 700,000 restaurants, hospitals, schools, and hotels, providing a wide range of products from basic ingredients to disposable supplies.

Approval and Next Steps

The acquisition has been approved by the boards of directors of both companies, but remains subject to regulatory approval. The companies anticipate completing the transaction once all necessary approvals are obtained.