Jetro Restaurant Depot in its $29.1 billion acquisition by Sysco

On March 30, 2026, Jetro Restaurant Depot, the nation’s premier Cash & Carry food wholesaler, and Sysco Corporation (NYSE: SYY), announced that they entered into a definitive agreement under which Sysco will acquire Jetro Restaurant Depot in a transformative transaction that allows Sysco to enter the high-margin, growing, and resilient Cash & Carry channel.  Under the terms of the agreement, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash proceeds and 91.5 million Sysco shares.  Based on Sysco’s closing share price of $81.80 as of March 27, 2026, this represents a total enterprise value of approximately $29.1 billion.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Jetro Restaurant Depot