Sysco Corporation (NYSE:SYY) agreed to acquire Edward Don & Company, LLC from Vestar Capital Partners, LLC and Don family on October 11, 2023. Upon completion of the transaction, DON will operate as a standalone specialty division within Sysco. In addition, Sysco expects to retain the leadership team of DON, as well as all current employees.

For year ended 2022, Edward Don & Company, LLC generated revenues of approximately $1.3 billion. The acquisition is subject to regulatory approval and other customary closing conditions. Wells Fargo Securities, LLC acted as financial advisor to Sysco Corporation.

J.P. Morgan Securities LLC and William Blair served as joint lead financial advisors to Edward Don & Company and Vestar Capital Partners. Frances Dales, Ryan Brissette, Jennifer Perkins, David Grenker and Vivek Ratnam of Kirkland & Ellis acted as legal advisors to Vestar Capital Partners and Edward Don & Company.