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Sysco to Acquire Jetro for $29 Billion in 2027

3/30/2026

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Summary

Story summary

Sysco announced plans to acquire Jetro Restaurant Depot for about $29 billion, including debt.
Sysco will finance the deal with $21 billion in hybrid debt and $1 billion in cash.
Jetro operates 166 locations across 35 states.
Shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares for about a 16% stake, and the deal will close in fiscal 2027 Q3 with earnings per share growth.

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Story summary

Sysco announced plans to acquire Jetro Restaurant Depot for about $29 billion, including debt.
Sysco will finance the deal with $21 billion in hybrid debt and $1 billion in cash.
Jetro operates 166 locations across 35 states.
Shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares for about a 16% stake, and the deal will close in fiscal 2027 Q3 with earnings per share growth.