Sysco nears Restaurant Depot deal
Sysco is reportedly closing in on a roughly $29.1B deal including debt to acquire Restaurant Depot — a move that would accelerate consolidation in food distribution and reshape 3PL demand profiles. Expect more complex multi‑warehouse footprints and integration DD on WMS and carrier contracts. (x.com)
Under the definitive-agreement terms, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash plus 91.5 million Sysco shares. (marketwirenews.com) Jetro operates roughly 166 large-format warehouse stores across 35 states and reported about $16 billion in revenue and roughly $2.1 billion in EBITDA for 2025. (bloomberg.com) (markets.businessinsider.com) Sysco and Jetro say Jetro will continue to operate as a standalone business segment and that the transaction is expected to be immediately accretive to margins, EPS and free cash flow while delivering synergies. (marketwirenews.com) Sysco’s stock moved sharply on the announcement, slipping as much as 4.7% in pre-market trade to $77.99 on early reaction. (sharecast.com) Restaurant Depot’s own location listings show California warehouses in the Los Angeles area, including Long Beach and Vernon, while location aggregators list about 24 Restaurant Depot sites in California. (restaurantdepot.com) (scrapehero.com) Analyst and company materials flag scale effects: the combined platform is framed as approaching nearly $100 billion in 2025 pro forma revenue, and some reports say the plan contemplates opening 125+ additional Jetro warehouses over the next two decades. (grafa.com) (marketchameleon.com)
