Sysco Announces Plans To Acquire Leading Equipment & Supplies Distributor Edward Don & Company
Oct 11, 2023•almost 2 years ago
Acquiring Company
Sysco
Acquired Company
Equipment & Supplies Distributor
Description
Sysco Corporation (NYSE:SYY) announced today it has agreed to acquire Edward Don & Company (DON), a leading distributor of foodservice equipment, supplies, and disposables based in Chicago, IL. Founded in 1921, DON generates approximately $1.3 billion in annual revenue, servicing a broad range of restaurant, foodservice, and other customers across the United States.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed