Billionaire Kirsh Sells Jetro Restaurant Depot to Sysco for $29 Billion

Sysco Corp. is acquiring Jetro Restaurant Depot for $29.1 billion from billionaire Nathan "Natie" Kirsh, creating one of the largest food-service groups in the U.S. This large-scale consolidation is sector-moving and should materially affect Sysco's scale, procurement leverage and distribution footprint, with potential antitrust review and balance-sheet/earnings implications depending on deal financing and integration.

Analysis

Sysco Corp. is acquiring Jetro Restaurant Depot for $29.1 billion from billionaire Nathan "Natie" Kirsh, creating one of the largest food-service groups in the U.S. This large-scale consolidation is sector-moving and should materially affect Sysco's scale, procurement leverage and distribution footprint, with potential antitrust review and balance-sheet/earnings implications depending on deal financing and integration.