M&A Deal Summary

Sysco Acquires Greco and Sons

On May 20, 2021, Sysco acquired distribution company Greco and Sons from Arbor Investments

Acquisition Highlights
  • This is Sysco’s 19th transaction in the Distribution sector.
  • This is Sysco’s 28th transaction in the United States.
  • This is Sysco’s 4th transaction in Illinois.

M&A Deal Summary

Date 2021-05-20
Target Greco and Sons
Sector Distribution
Buyer(s) Sysco
Sellers(s) Arbor Investments
Deal Type Add-on Acquisition

Target

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.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Sysco

Houston, Texas, United States

Category Company
Founded 1969
Sector Distribution
Employees76,000
Revenue 78.8B USD (2024)
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 34 of 36
Sector: Distribution M&A 19 of 20
Type: Add-on Acquisition M&A Deals 31 of 33
State: Illinois M&A 4 of 5
Country: United States M&A 28 of 30
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Cake

San Mateo, California, United States

Cake Corp. is focused on offering restaurant-specific technology solutions. Cake’s platform seamlessly integrates front and back of house restaurant operations, allowing restaurant owners and operators to achieve unparalleled visibility into and control over their point of sale, table and waitlist management, menu pricing, guest preference tracking, reservations systems, inventory, and payroll. Cake was formed in 2011 and has offices in Silicon Valley, California, Austin, Texas, and Sri Lanka.

Sell -
FOLLOWING 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

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.


DEAL STATS #
Overall 28 of 32
Sector: Distribution M&A 5 of 6
Type: Add-on Acquisition M&A Deals 15 of 18
State: Illinois M&A 6 of 6
Country: United States M&A 27 of 31
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 TrojanLitho

Renton, Washington, United States

TrojanLitho is a specialized designer and manufacturer of high-end folding cartons and single-face laminate packaging for blue-chip and emerging brands in the food, beverage, and consumer industries. TrojanLitho was founded in 1950 and is based in Renton, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Keyes Packaging Group

Wenatchee, Washington, United States

Keyes Packaging Group, Inc. is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes Packaging Group was founded in 1903 and is based in Wenatchee, Washington.

Sell -