After $29.1bn sale, Kirsh family builds out New York family office
Billionaires.Africa · 2026-09-30
After agreeing to sell Jetro Restaurant Depot to Sysco for $29.1 billion including debt ($21.6 billion cash plus 91.5 million Sysco shares), 94-year-old billionaire Natie Kirsh's family is expanding its New York office, recruiting a CIO, investment committee members and heads of public and private investments.
Vocabulary
Read source ↗- single-family officea private firm managing one wealthy family's money and affairs
- investment committeea group that reviews and approves investment decisions
- including debta deal value that counts assumed borrowings, not just equity