Restaurant Supply Mogul Kirsh Family Plans Major Family Office Expansion
Following the sale of Jetro Restaurant Depot, the Kirsh family is expanding its New York-based family office and seeking senior investment professionals.
The Kirsh family, which recently sold its majority stake in Jetro Restaurant Depot to Sysco Corp., is building one of the largest family offices in New York. The venture aims to manage the family's substantial wealth and is actively recruiting experienced senior investors.
Founded by the 94-year-old Morris Kirsh, Jetro Restaurant Depot grew into a major wholesale supplier for restaurants and other businesses. The sale to Sysco, a global leader in the food service distribution industry, marks a significant transition for the family's assets.
The expanded family office is expected to oversee a diverse portfolio, though specific investment strategies have not yet been detailed. The recruitment of senior investment talent signals an ambitious approach to wealth management and future growth. This move positions the Kirsh family to be a significant player in the institutional investment landscape.