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Continental Acquires Sterling Services

March 18, 2019

TROY, Mich.--(BUSINESS WIRE)--Mar 18, 2019--Continental Services (“Continental” or the “Company”), Michigan’s largest food management company, today announced it has acquired Sterling Services located in Canton, Mich. Under terms of the deal, the entire Sterling Services leadership team and staff will join the Continental team. Financial terms of the transaction were not disclosed.

“With its track record of innovation, consistent core values, an outstanding market reputation, and robust sales and service teams, Sterling Services is a great fit,” said Steve LaPorte, president of Continental’s refreshment services group. He added, “Now that we are one company, the opportunities for delighting our guests are limitless.”

In business more than three decades, Sterling Services brings to the table a strong customer base, and a broad array of services that includes corporate dining, micro markets, vending and office coffee, to add to Continental’s portfolio of dining, refreshment services, and events brands. The combined entity creates Michigan’s largest founder-owned contract dining management company.

This is the fifth strategic acquisition made by Continental in the past 18 months as the company works toward achieving its long-term growth and expansion objectives. Continental continues to enrich the customer experience across its entire portfolio of services with other innovations and new technologies. Continental is a portfolio company of New Heritage Capital, a Boston-based private equity firm that partners with growing, middle market, founder-owned businesses.

As Michigan’s largest food management company, Continental provides a wide range of custom dining, refreshment, and event services for more than 1,000 signature clients including 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 micro 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 rise to its #22 ranking in Food Management magazine’s annual survey of the Top 50 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/20190318005056/en/

CONTACT: For Continental:

Barbara Biess

B2 Consulting LLC

barb@b2consulting.com

313-516-1894

For New Heritage Capital:

Charlie Gifford

cgifford@newheritagecapital.com

617-428-0104

KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN

INDUSTRY KEYWORD: RESTAURANT/BAR RETAIL FOOD/BEVERAGE

SOURCE: Continental

Copyright Business Wire 2019.

PUB: 03/18/2019 06:30 AM/DISC: 03/18/2019 06:31 AM

http://www.businesswire.com/news/home/20190318005056/en