Sysco Moves Into High-Growth Cash-And-Carry Market With Massive $29.1B Jetro Acquisition

Sysco Corp. (SYY) has agreed to acquire Jetro Restaurant Depot, a cash-and-carry wholesaler catering to smaller foodservice operators, in a deal valued at roughly $29.1 billion.

As part of the deal, Jetro Restaurant Depot investors are set to receive $21.6 billion in cash along with 91.5 million shares of Sysco stock.

The move gives Sysco entry into the cash-and-carry segment, a space known for steady demand and higher margins, particularly among independent restaurants that prefer in-store purchasing over delivery-based models.

Together, the two companies posted close to $100 billion in net revenue for 2025, along with roughly $6.4 billion in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) and $5.5 billion in free cash flow.

Sysco stock traded over 1% lower in Monday’s premarket. 

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