A 94-year-old restaurant supply tycoon is building one of the largest family offices in the United States. The move follows the sale of Jetro Restaurant Depot to food distributor Sysco. The Kirsh family is now recruiting senior investors to manage the expanded operation.
The family office will be based in New York. It aims to oversee a substantial portfolio of assets. The scale places it among the biggest such offices in the country.
Jetro Restaurant Depot built its business supplying food and equipment to independent restaurants. The company grew into a major player in the wholesale food distribution market. Sysco acquired the business, generating significant liquidity for the Kirsh family.
Family offices manage the financial affairs of wealthy families. They handle investments, estate planning, and philanthropic activities under one roof. This structure gives families direct control over their wealth.
The Kirsh family is seeking experienced investors to lead the new office. These hires will shape investment strategy and manage day-to-day decisions. Recruiting top talent signals the family’s ambition to compete with established institutional investors.
Large family offices have become influential players in global markets. They often invest in private equity, real estate, and venture capital. Their long-term focus sets them apart from traditional fund managers.
The New York base gives the office access to major financial networks. It also puts the team close to deal flow and investment opportunities. The city remains a hub for wealth management and private investing.
The Kirsh family’s move reflects a broader trend among ultra-wealthy families. Many are building professional investment teams after selling major businesses. These offices now rival hedge funds and private equity firms in size and influence.
