Five Star Announces Three Acquisitions
CHATTANOOGA, TN – Five Star Food Service, one of the nation’s largest independent vending operators, continues its steep trajectory of growth announcing it has completed full or partial acquisition of three vending and office coffee service companies in Georgia and Tennessee in less than three months.
In June, Five Star acquired a portion of Hiram, Georgia-based Elite Vending Company which included the majority of the business managed inside of a four-county overlap of Five Star’s Canteen Vending franchise territory. Elite will continue to operate and serve its metro-Atlanta customers in Fulton, Cobb, Douglas, and Clayton counties, where Five Star does not currently operate.
In July, the acquisition of Rome, Georgia-based Complete Vending included their entire five-route vending and office coffee service operation covering a seven county area.
Earlier this month, the final and largest of the three acquisitions involved Murfreesboro, Tennessee-based Webb’s Refreshments which sold its complete eight-route vending and micro-market business to Five Star. Webb’s retained and will continue to operate its office coffee and water service divisions.
This series of acquisitions allows Five Star to consolidate the competitive landscape within its current operating footprint and continue its pace of growth. In addition, Five Star sees opportunity to grow same store sales among its newly added customer base while providing the same high level of service exhibited by their predecessors.
About Five Star Food Service
Five Star Food Service is a Chattanooga, TN based food service provider specializing in full-service vending, micro-markets, coffee services, full-service dining, and catering services across Tennessee, Georgia, and Alabama. Founded in 1993, Five Star Food Service has grown to one of the largest privately held operators in the Southeast. Five Star Food Service is a franchise of Canteen Vending. For more information visit www.fivestar-food.com.