Sysco - M&A Summary and Business Overview

DistributionCompany

Sysco M&A Summary

Sysco has acquired 36 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

Sysco’s largest acquisition to date was in 2016, when it acquired The Brakes Group for $3.4B. Sysco has acquired in 19 different US states, and 5 countries. The Company’s most targeted sectors include distribution (56%) and food (37%).

Sysco Business Overview

Where is Sysco headquartered?

Sysco is headquartered in Houston, Texas.

What is Sysco’s revenue?

Sysco disclosed revenue of 76,325M USD for 2023 and 68,636M USD for 2022.

How many employees does Sysco have?

Sysco has 72,000 employees.

What sector is Sysco in?

Sysco is a distribution company.

When was Sysco founded?

Sysco was founded in 1969.

M&A Summary

  • M&A Total Activity37
    • M&A Buy Activity36
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 9
  • M&A Advisors 4

Sysco

Sysco Corp.

1390 Enclave Parkway,
Houston, Texas 77077
United States,
(281) 584-1390
www.sysco.com

Sysco is a distributor of food products to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home. Sysco's family of products also includes equipment and supplies for the food service and hospitality industries. Sysco was founded in 1969 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 33 - 2 - 1 - 36
vol $6.8B $6.8B
Sell (0.2/yr) # - 1 - - - - 1
  37

Most Recent M&A

Company Date Value Type
Edward Don & Company 2023-10-11 - Add-on Acquisition
Woodridge, Illinois · www.don.com
Coastal Sunbelt Produce 2021-12-06 - Add-on Acquisition
Laurel, Maryland · www.coastalsunbelt.com
Greco and Sons, Inc. 2021-05-20 - Add-on Acquisition
Bartlett, Illinois · www.grecoandsons.com
Cake Corp. 2020-08-06 - Divestiture
San Mateo, California · www.trycake.com
J. Kings Food Service Professionals, Inc. 2019-08-12 - Add-on Acquisition
Holtsville, New York · www.jkings.com
Doerle Food Services LLC 2018-02-19 - Add-on Acquisition
Broussard, Louisiana · www.doerlefoods.com
Kent Frozen Foods Ltd. 2018-01-15 - Add-on Acquisition
Kent, United Kingdom · www.kff.co.uk
HFM FoodService 2017-10-17 - Add-on Acquisition
Honolulu, Hawaii · www.hfmfoodservice.com
Supplies on the Fly 2016-07-01 - Add-on Acquisition
Kennesaw, Georgia · www.suppliesonthefly.com
North Star Seafood, Inc. 2016-02-25 - Add-on Acquisition
Pompano Beach, Florida · www.northstarseafood.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
FreshPoint, Inc. 2000-03-17 Bix Produce Co. 2023-06-26 7
Denver, Colorado · www.freshpoint.com Little Canada, Minnesota · www.bixproduce.com
Guest Supply LLC 2001-03-15 Gilchrist & Soames, Inc. 2015-09-21 2
Monmouth Junction, New Jersey · www.guestsupply.com Indianapolis, Indiana · www.gilchristsoames.com
SERCA Foodservice 2002-04-01 Distagro 2012-10-22 2
Calgary, Alberta Montreal, Quebec

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 20 (56%) - - -
Food 13 (36%) 6.8B (100%) - -
Internet Software and Services 1 (3%) - 1 (100%) -
Consumer Products 1 (3%) - - -
Retail 1 (3%) - - -
Total 36 $6.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 30 - 1 -
  Illinois 5 - - -
  Florida 5 - - -
  Maine 2 - - -
  Georgia 2 - - -
  California 1 - 1 -
  New Jersey 1 - - -
  Nevada 1 - - -
  Nebraska 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Louisiana 1 - - -
  Hawaii 1 - - -
  Colorado 1 - - -
  Arkansas 1 - - -
  Tennessee 1 - - -
  Ohio 1 - - -
  New York 1 - - -
United Kingdom 3 6.8B - -
Canada 1 - - -
  Alberta 1 - - -
Costa Rica 1 - - -
Ireland 1 - - -
Domestic 30 (83%) - 1 (100%) -
Cross-border 6 (17%) 6.8B (100%) - -
Total 36 $6.8B 1 -

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 2
Ernst & Young Capital Advisors
 2
J.P. Morgan Securities
 1
Legal Deals
Freshfields Bruckhaus Deringer
 2

Deal Values

buy # Total
> $1B 2 $6.8B
TOTAL $6.8B
Largest The Brakes Group
$3.4B (2016-02-22)

M&A Connections

Deals
Acquired from
Investor(s)
14%
5 (14%)
Strategic(s)
8%
3 (8%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Distribution

Revenue

76,325   12% 2023
68,636   34% 2022
51,298   4% 2021
52,893   13% 2020
60,114   3% 2019
58,727   7% 2018
55,371   10% 2017
50,367   4% 2016
48,681   5% 2015
46,517   5% 2014
44,411   2013
(millions of USD) Show More Show Less

Employees

72,000

Established

1969

Public

NYSE: SYY

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