Greco & Sons Inc.
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Greco & Sons Inc. - overview
Established
1990
Location
Bartlett, IL, US
Primary Industry
Food
About
Greco & Sons Inc. is a specialized distributor of authentic Italian food products, serving chefs, restaurants, and retailers across the United States with high-quality ingredients to enhance culinary experiences. Founded in 1990 and headquartered in Bartlett, US, Greco & Sons Inc. operates as a specialty distributor of Italian food products.
The company is now a standalone division under Sysco Corporation after being acquired in May 2021. The founders, Domenica Greco and Matthew Greco, were instrumental in establishing the company’s reputation for quality Italian cuisine products. The firm has completed a total of 2 deals to date, with its most recent deal occurring on 20 May 2021. Greco and Sons provides a wide selection of Italian food products, including pasta, olive oils, cheeses, sauces, and various Italian delicacies.
Catering to both traditional and modern culinary needs, their offerings are designed to enhance the dining experience in restaurants and retail settings, primarily in major cities like New York, Chicago, and Los Angeles. Operating on a B2B model, Greco & Sons supplies products directly to restaurants, wholesalers, and food service operations. Their pricing structure accommodates volume discounts for bulk orders while ensuring competitive rates for individual items. The company maintains direct contracts and partnerships that facilitate the consistent supply of flagship products, including their signature marinara sauce and specialty cheeses, critical to their business identity.
Following the acquisition by Sysco Corporation, Greco & Sons Inc. aims to leverage Syco's resources to expand its market reach. The company is looking to enhance its product offerings with new Italian delicacies by the end of 2022, targeting growth into additional geographic regions beyond their current markets. The financial support from the acquisition will enable Greco & Sons to invest in new product development and expand distribution channels.
Primary Industry
Food
Sub Industries
Consumer Products, Other Food Products, Meat, Poultry & Seafood Products, Dairy Products, Canned/Frozen Fruit & Vegetables, Food & Beverage Distribution
Website
www.grecoandsons.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Greco & Sons Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Greco & Sons Inc. | - | ||||||||
| N/A | Completed | 1323 Brewster Creek Boulevard, 1550 Hecht Drive, Santa Fe Logistics Center | - | ||||||||
| N/A | Completed | Santa Fe Logistics Center | - | ||||||||
| Recapitalisation | Completed | Greco & Sons Inc. | - |
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