BlackRock-Owned Conglomerate Gobbles Up Company Mom And Pop Shops Rely On
By Anthony Iafrate
Published on April 1, 2026.
A food conglomerate, partially owned by BlackRock, has acquired Jetro Restaurant Depot, a privately-owned company that small restaurant owners have long relied upon to supply them. The acquisition was criticized as a monopoly and detrimental to the company's primary clientele, small businesses that have been relying heavily on Sysco for their supplies. Critics argue that the acquisition of Restaurant Depot undermines competition and leaves independent restaurants with fewer real choices. The company had 166 stores in 35 states and had previously been owned by its founder, Nathan Kirsch. The Independent Restaurant Coalition has called the acquisition an anti-trust violation and urged the Federal Trade Commission (FTC) to act.
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