M&A Deal Summary

Sysco Acquires Coastal Sunbelt Produce

On December 6, 2021, Sysco acquired food company Coastal Sunbelt Produce from Arlon Group

Acquisition Highlights
  • This is Sysco’s 13th transaction in the Food sector.
  • This is Sysco’s 29th transaction in the United States.
  • This is Sysco’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-12-06
Target Coastal Sunbelt Produce
Sector Food
Buyer(s) Sysco
Sellers(s) Arlon Group
Deal Type Add-on Acquisition

Target

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.

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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 35 of 36
Sector (Food) 13 of 13
Type (Add-on Acquisition) 32 of 33
State (Maryland) 1 of 1
Country (United States) 29 of 30
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Greco and Sons

Bartlett, Illinois, United States

Greco and Sons is an importer, manufacturer, and distributor of food and disposable products to the foodservice industry. Through a comprehensive offering of more than 15,000 products, including their proprietary Greco and Bellissimo brands, the Company is a one-stop-shop for customers within target segments. Greco and Sons was founded in 1990 and is based in Bartlett, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 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.

Buy -

Seller(S) 1

SELLER

Arlon Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Arlon Group is a private equity group focused on the food sector. The Firm was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 7 of 7
Sector (Food) 5 of 5
Type (Add-on Acquisition) 2 of 2
State (Maryland) 1 of 1
Country (United States) 6 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 CiCi s Pizza

Coppel, Texas, United States

CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas.

Sell -
Mergr

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