M&A Deal Summary

Sysco Acquires Don

On October 11, 2023, Sysco acquired distribution company Don from Vestar Capital Partners

Acquisition Highlights
  • This is Sysco’s 20th transaction in the Distribution sector.
  • This is Sysco’s 30th transaction in the United States.
  • This is Sysco’s 5th transaction in Illinois.

M&A Deal Summary

Date 2023-10-11
Target Don
Sector Distribution
Buyer(s) Sysco
Sellers(s) Vestar Capital Partners
Deal Type Add-on Acquisition

Target

Don

Woodridge, Illinois, United States
Don is a distributor of food service equipment and supplies to all types of food service businesses including independent restaurants, national chains, health care, hospitality, country clubs, schools and universities, government institutions, and food service management. Don was formed in 1921 and is based in Woodridge, Illinois.

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Buyer(S) 1

Buyer

Sysco

Houston, Texas, United States

Category Company
Founded 1969
Sector Distribution
Employees72,000
Revenue 76.3B USD (2023)
DESCRIPTION
Entrance to Sysco's corporate headquarters in Houston, Texas.
Entrance to Sysco's corporate headquarters in Houston, Texas.

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.


DEAL STATS #
Overall 36 of 36
Sector (Distribution) 20 of 20
Type (Add-on Acquisition) 33 of 33
State (Illinois) 5 of 5
Country (United States) 30 of 30
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Coastal Sunbelt Produce

Laurel, Maryland, United States

Coastal Sunbelt Produce is a provider and processor of fresh produce and dairy products in the Mid-Atlantic region of the United States. Coastal Sunbelt Produce was founded in 1992 and is based in Laurel, Maryland.

Buy -

Seller(S) 1

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 65 of 66
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 27 of 28
State (Illinois) 5 of 5
Country (United States) 52 of 53
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Triton International

Hamilton, Bermuda

Triton International engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. Triton International was founded in 1980 and is based in Hamilton, Bermuda.

Sell $13.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Nonni s

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's was founded in 1988 and is based in Tulsa, Oklahoma.

Sell -