Foodservice Equipment Reports
Chains Global News

Centerplate Acquisition Beefs Up Sodexo’s U.S. Presence

France’s Sodexo is buying Centerplate, its smaller American competitor, in a $675 million cash deal that will raise its profile in the sports and leisure markets in North America and the United Kingdom.

Sodexo, the world’s second-biggest foodservices company behind Compass Group, said the Centerplate deal would more than double current revenue in sports and leisure. Stamford, Conn.-based Centerplate had global revenues of nearly $1 billion for the past year, serving convention centers, stadiums and entertainment venues in North America, and the U.K. Formerly known as Volume Services America, it was originally a division of Canteen Corp., but since 2012 has been owned by private equity firm Olympus Partners.

Centerplate’s European operations will be integrated into Sodexo’s existing Sports & Leisure business, while Centerplate chief executive Chris Verros will lead the new combined business in the United States.

Related Articles

Sodexo

SHFM Awards Recognize Industry Excellence

Global Presence Grows At 2018 U.S. Restaurant Show

Related Events

01 Oct

The Restaurant Show U.K. 2018

London

05 Oct

Anuga

Cologne

25 Sep

Restaurant & Takeaway Innovation Expo

London