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New Deal


Announced

Sysco to acquire Greco and Sons from Arbor Investments.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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food distribution

Acquisition

Friendly

Food Retailers and Wholesalers

Private

Private Equity

Majority

Single Bidder

Pending

United States

Domestic

Synopsis

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Sysco, a global foodservice distribution company, agreed to acquire Greco and Sons, an independent Italian specialty distributor in the United States, from private equity firm Arbor Investments. Financial terms were not disclosed. "We are excited to welcome Eddie Greco and the rest of the Greco and Sons family to Sysco. The addition of this great company to Sysco’s portfolio of specialty companies will enable us to better serve Italian-focused customers by establishing a new Cuisine-Focused Selling platform. Greco has perfected a go-to-market approach to serve the Italian segment, and we are committed to maintaining that excellence and expanding the capability to new geographies, over time," Kevin Hourican, Sysco President and CEO.

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