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Sysco Corporation announces a common stock offering aiming to raise $1.0 billion. The proceeds will partially finance its acquisition of Jetro Restaurant Depot.
PUBLIC · SYYSep 14, 2026•about 2 hours ago
Amount Raised
$1 Billion
Round Type
Post-IPO Equity
HoustonFood and BeverageHospitality
Investors
Wells Fargo Securities, LlcJ.P. Morgan Securities LlcBof A SecuritiesTd Securities (Usa) LlcGoldman Sachs & Co. Llc
Description
Sysco Corporation announced a common stock offering of $1.0 billion to support its pending acquisition of Jetro Restaurant Depot. The offering includes a 30-day option for underwriters to purchase an additional $150 million. Goldman Sachs and TD Securities are leading the offering. This funding is critical for Sysco as it continues to expand its operations.
Company Information
Company
Sysco Corporation
Location
Houston, Texas, United States
About
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, and other customers who prepare meals away from home. The company operates more than 340 distribution facilities worldwide and serves approximately 730,000 customer locations. In fiscal year 2024, Sysco generated sales exceeding $78 billion. Sysco's product offerings also include equipment and supplies for the foodservice and hospitality industries.
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HoustonFood and BeverageHospitality