Transaction Summary
McColl Partners, LLC acted as financial advisor to TrustHouse Services Group, Inc. ("TrustHouse") in its acquisition of Aladdin Food Management Services, LLC, along with its wholly-owned subsidiary, AmeriServe Food Service Management ("Aladdin") and Fitz, Vogt & Associates ("Fitz Vogt"). Michael J. Bailey and Gryphon Investors have partnered to establish TrustHouse as a platform for establishing America's leading contract foodservice provider. TrustHouse will be based in Charlotte, North Carolina and its major focus will be to serve clients in the healthcare and education markets.
About Michael J. Bailey
Mr. Michael J. Bailey has over 40 years of experience in the foodservice industry since beginning his career in the United Kingdom with Gardner Merchant Groupe. Mr. Bailey joined Compass Group plc ("Compass Group") to help initiate and lead the company's entry into the United States market through the acquisition of Canteen Corp. Under his leadership team, Compass Group became the leading foodservice contractor in the United States. In 1999, Mr. Bailey became global CEO of Compass Group and served in that position until his retirement in 2006. By then, Compass Group had grown to over $20 billion in revenue with operations in 90 countries and over 400,000 employees.
About Gryphon Investors
Based in San Francisco, California, Gryphon Investors has over $900 million of capital under management and has executed over 50 middle-market equity transactions, primarily in the business services and consumer retail industries, since its founding in 1995. Gryphon Investors focuses on making $25 million to $75 million of equity or equity-linked investments in the middle market.
About Aladdin Food Management Services, LLC
Aladdin, based in Wheeling, West Virginia, is a contract food service provider founded over 30 years ago that specializes in the higher education, private schools, K-12 and nursing home/non-acute healthcare markets. Aladdin provides onsite foodservices to over 120 client facilities in 20 states primarily in the Mid-Atlantic, Midwest, and Southeast states.
About Fitz, Vogt & Associates
Headquartered in Walpole, New Hampshire, Fitz Vogt is a leading regional provider of customized food management services in the Northeast. The company was founded in 1977, and the firm currently operates over 135 client accounts primarily in the New England states of Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut with a growing presence in New York, Pennsylvania, and Maryland.
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about our Consumer Group, please contact Lorin DeMordaunt or Brian Davis at (704) 333-0525. More information about McColl Partners can be found at www.mccollpartners.com.