M&A Deal Summary

Sysco Acquires The Brakes Group

On February 22, 2016, Sysco acquired food company The Brakes Group for 2.2B GBP

Acquisition Highlights
  • This is Sysco’s 11th transaction in the Food sector.
  • This is Sysco’s 2nd largest (disclosed) transaction.
  • This is Sysco’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2016-02-22
Target The Brakes Group
Sector Food
Buyer(s) Sysco
Deal Type Add-on Acquisition
Deal Value 2.2B GBP
Advisor(s) Goldman Sachs (Financial)
Baker & McKenzie (Legal)

Target

The Brakes Group

Kent, United Kingdom
website
The Brakes Group is a provider of poultry to caterers in Great Britain.

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Buyer(S) 1

Buyer

Sysco

Houston, Texas, United States

website

Category Company
Founded 1969
Sector Distribution
Employees57,000
Revenue 68.6B USD (2022)
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 foodservice and hospitality industries. Sysco was founded in 1969 and is based in Houston, Texas.

DEAL STATS #
Overall 27 of 36
Sector (Food) 11 of 13
Type (Add-on Acquisition) 24 of 33
Country (United Kingdom) 2 of 3
Year (2016) 2 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Brakes Bros

Ashford, United Kingdom

Brakes Bros is a food supplier to caterers in the UK and France. Its strong understanding of the needs of the catering industry, combined with innovation in both products and service, has seen Brakes develop into the major supplier of frozen, fresh and ambient foods to caterers across the UK.

Buy £2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 North Star Seafood

Pompano Beach, Florida, United States

North Star Seafood, Inc. is a distributor and processor of seafood products. The Company offers customers a combination of fresh and frozen seafood ranging from lobsters, fish, scallops, shrimp, mussels, oysters, squid, and other seafood and non-seafood products.

Buy -
Mergr

Product

Company

Legal