Sysco Mergers and Acquisitions Summary

DistributionCompany

Sysco has acquired 34 companies, including 9 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Sysco’s largest acquisition to date was in 2016, when it acquired Brakes Bros for $3.4B. Sysco has acquired in 18 different US states, and 5 countries. The Company’s most targeted sectors include distribution (56%) and food (36%).

Join Mergr and gain access to Sysco’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the distribution sector.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity34
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 7
  • 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 foodservice and hospitality industries. Sysco was formed in 1969 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 29 1 2 1 - 1 34
vol $6.8B $6.8B
Sell (0.2/yr) # - - - - 1 - 1
  35

Most Recent M&A

Company Date Value Type
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
The Brakes Group 2016-02-22 3.4B GBP Add-on Acquisition
Kent, United Kingdom · www.brakesgroup.com
Brakes Bros Ltd. 2016-02-22 3.4B GBP Add-on Acquisition
Ashford, United Kingdom · www.brake.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
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 19 (56%) - - -
Food 12 (35%) 6.8B (100%) - -
Internet Software and Services 1 (3%) - 1 (100%) -
Consumer Products 1 (3%) - - -
Retail 1 (3%) - - -
Total 34 $6.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 28 - 1 -
  Florida 5 - - -
  Illinois 4 - - -
  Maine 2 - - -
  Georgia 2 - - -
  California 1 - 1 -
  Colorado 1 - - -
  Arkansas 1 - - -
  Tennessee 1 - - -
  Ohio 1 - - -
  New York 1 - - -
  New Jersey 1 - - -
  Nevada 1 - - -
  Nebraska 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Louisiana 1 - - -
  Hawaii 1 - - -
United Kingdom 3 6.8B - -
Canada 1 - - -
  Alberta 1 - - -
Costa Rica 1 - - -
Ireland 1 - - -
Domestic 28 (82%) - 1 (100%) -
Cross-border 6 (18%) 6.8B (100%) - -
Total 34 $6.8B 1 -

Top M&A Advisors

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

Deal Values

buy # Total
> $1B 2 $6.8B
TOTAL $6.8B
Largest Brakes Bros Ltd.
$3.4B (2016-02-22)

M&A Connections

Deals
Acquired from
Investor(s)
9%
3 (9%)
Strategic(s)
9%
3 (9%)
Divested to
Strategic(s)
100%
1 (100%)

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