Centerplate, a Stamford, Conn.-based concessions company owned by Kohlberg & Co., has completed its acquisition of smaller rival Boston Culinary Group Inc. No financial terms were disclosed, except that the deal is worth less than the $210 million Kohlberg paid for Centerplate last January.
Centerplate, the hospitality partner to North America’s premier convention centers and sports venues, announced today that it has completed the merger transaction with Boston Culinary Group (BCG). As one of the largest foodservice management companies in the recreation and leisure industry with a proven 40-year track record, BCG brings over 100 venue partners to the client roster, amplifying Centerplate’s leadership position and enhancing its ability to provide a total solution platform. Joseph O’Donnell, founder of BCG, will serve as chairman of Centerplate’s Board of Directors, lending his expertise as an industry leader to further the company’s legacy of exceptional client service.
As the next chapter in the company’s 80-year history, the new move affirms Centerplate’s dedication to developing custom hospitality solutions and driving total returns for its clients. With the addition of BCG’s venue partners including 12 university accounts, 15 ski resorts, and professional sports stadiums and convention centers, Centerplate boasts a roster of over 250 premier venues across North America.
“By entering into this strategic merger with Boston Culinary Group, we have made a great stride today toward achieving our goal of becoming #1 in hospitality,” said Des Hague, president and CEO of Centerplate. “We look forward to serving our new venue partners with an unmatched level of commitment, delivering extraordinary experiences for their guests and ultimately driving total returns.”
“We are thrilled to join Centerplate in continuing our legacy of combining culinary expertise with genuine customer service,” said Joseph O’Donnell, founder and Chairman of BCG. “Over the years, we have established a strong foundation based on hard work and dedication, and we are excited to continue building our business with Centerplate.”
Macquarie Capital (USA) Inc is acting as financial advisor to Centerplate and Ropes & Gray LLP is acting as its legal advisor. Goulston & Storrs is acting as Boston Culinary Group’s legal advisor.
Centerplate crafts and delivers “Craveable Experiences. Raveable Results.” in more than 250 prominent sports, entertainment and convention venues across North America. Centerplate has provided services to 11 Super Bowls, 19 World Series, key events for the Democratic and Republican National Conventions, the South Beach Wine and Food Festival, Art Basel Miami Beach, 15 official U.S. Presidential Inaugural Balls and the largest plated dinner in history at the Alpha Kappa Alpha Centennial Celebration. In addition, Centerplate is proud to serve as a hospitality partner to Superbowl XLIV at Land Shark Stadium. Visit the company online at www.centerplate.com.