AP NEWS

Continental Acquires United Vending & Market Services

November 8, 2018

TROY, Mich.--(BUSINESS WIRE)--Nov 8, 2018--Continental, Michigan’s largest food management company, today announced it has acquired United Vending & Market Services (United Vending), located in Ferndale, Michigan. As part of the transaction, the entire United Vending leadership team and staff will join the Continental team. Financial terms of the transaction were not disclosed.

This is the fourth add-on acquisition completed by Continental in the past year, and its largest acquisition to date, as Continental continues to pursue its growth and expansion objectives. Renowned for innovation and technology, Continental is also making other strategic investments to enrich the customer experience across its entire portfolio of services. Continental is a portfolio company of New Heritage Capital, a Boston-based private equity firm that partners with growing, middle market, founder-owned businesses.

“United Vending brings Continental a wonderful cross section of accounts, and a large and loyal client base,” said Steve LaPorte, President of Continental’s refreshment services group. “We are delighted to have its well-seasoned, customer-focused staff join our refreshment services operations,” continues LaPorte. He added, “The success of these deals has substantiated and helped the company work toward its goal of expanding its market presence in Southeast Michigan.”

About Continental Services Continental, Michigan’s largest food management company, provides a wide range of custom dining, refreshment, and event services for more than 700 small and medium-sized businesses, blue-chip corporations, colleges, universities, business and industrial sites, and hospitals and medical centers. The company’s custom-tailored services range from on-site corporate cafés, grab-and-go markets and traditional vending, to off-premise catering and event services. Continental’s team is passionate about creating engaging experiences with fresh, handcrafted food, helping the company earn a spot on Food Management magazine’s FM 50 2018 ranking of the top 50 largest noncommercial contract dining management companies in the U.S. More details at www.ContinentalServes.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005080/en/

CONTACT: For Continental

Charlie Gifford, 617-439-0688

cgifford@newheritagecapital.com

KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES FINANCE RETAIL FOOD/BEVERAGE

SOURCE: Continental

Copyright Business Wire 2018.

PUB: 11/08/2018 06:00 AM/DISC: 11/08/2018 06:00 AM

http://www.businesswire.com/news/home/20181108005080/en

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