Sysco to Acquire Jetro Restaurant Depot in Major Deal

An announcement from Sysco ( (SYY) ) is now available.

On March 30, 2026, Sysco agreed to acquire Jetro Restaurant Depot’s operating company JRD Unico and its real estate arm Warehouse Realty in a cash-and-stock deal valued at $21.6 billion in cash plus 91.5 million HoldCo shares. The transaction will be executed via a series of mergers into a new Sysco holding company whose stock will replace existing Sysco shares and is expected to continue trading on the NYSE under the SYY ticker, with Jetro equityholders owning about 16% of the combined company.

Closing is subject to antitrust clearance, SEC registration effectiveness, NYSE listing approval and other customary conditions, and either party may terminate if the deal is not completed by Sept. 30, 2027, with Sysco potentially owing a $1.164 billion reverse termination fee if antitrust approval fails. Governance for the new HoldCo will be shaped by a stockholders agreement giving Jetro’s majority owner board nomination rights, lock-up and standstill provisions for key financial sponsors, and parallel non-compete and non-solicitation commitments by Jetro insiders, while Sysco has lined up a $22 billion bridge facility led by Goldman Sachs and TD to fund $21 billion of new and hybrid debt plus refinancing of Jetro’s obligations.

The most recent analyst rating on (SYY) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on Sysco stock, see the SYY Stock Forecast page.

Spark’s Take on SYY Stock

According to Spark, TipRanks’ AI Analyst, SYY is a Neutral.

The score is held back primarily by balance-sheet leverage and weak near-term technical momentum. Offsetting those risks are stable operating/cash-flow fundamentals and a constructive outlook from the latest earnings call (raised EPS guidance, improving volumes, strong international results), with valuation supported by a ~2.6% dividend.

To see Spark’s full report on SYY stock, click here.

More about Sysco

Sysco Corporation is a Delaware-based foodservice distribution company that supplies restaurants, healthcare and educational facilities, and other food-away-from-home customers. Through its broadline and specialty operations, Sysco focuses on sourcing, marketing and delivering food and related products across the U.S. and internationally, competing as a scale player in the foodservice logistics and wholesale sector.

Average Trading Volume: 3,768,688

Technical Sentiment Signal: Strong Buy

Current Market Cap: $39.18B

See more insights into SYY stock on TipRanks’ Stock Analysis page.