Continental Services, a New Heritage Capital portfolio company, has acquired Metro Vending Service Inc and 24 Hour Vending LLC. Financial terms weren’t announced. Continental and Metro are both providers of vending, micro-market and office coffee services in the greater Detroit market.
BOSTON–(BUSINESS WIRE)–New Heritage Capital (“Heritage”) is pleased to announce that its portfolio company Continental Services (“Continental”) has acquired Metro Vending Service, Inc. (“Metro”) and 24 Hour Vending, LLC (“24 Hour”), both providers of vending, micro-market and office coffee services in the greater Detroit market. Metro and 24 Hour represent the second and third add-on acquisitions Continental has completed since its January 2017 partnership with Heritage, and allow Continental to continue to bring cutting edge technology and award-winning customer service to Michigan’s food service clients.
Continental 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.
“Both Metro and 24 Hour are natural additions to Continental’s refreshment services operations,” said Steve LaPorte, President of Continental’s Refreshment Services Division. “We are excited to bring our diverse on-the-go refreshment service options and industry leading customer service to legacy Metro and 24 Hour customers.”
Melissa Barry, Partner of Heritage, added, “The Continental team continues to find and execute on tuck-in acquisitions to bolster their local market presence, and we at Heritage are pleased to support them in these efforts. We look forward to continuing on this exciting growth trajectory with them.”
About New Heritage Capital Heritage is a Boston-based private equity firm with a 20-year history of partnering with growing, middle market, founder-owned businesses. With its innovative investment structures like the Private IPO®, Heritage provides founders with a combination of liquidity and growth capital while allowing founders to maintain control of their business. With decades of experience at managing growth, Heritage gives its partners the strategic, operational and financial guidance to help its companies reach their growth objectives. For more information, please visit: www.newheritagecapital.com.
About Continental Services Founded in 1989 and headquartered in Detroit, MI, Continental is a leading diversified food-service provider serving corporate clients in Michigan across a range of industries. The company offers a wide spectrum of tailored services, including vending services, office coffee replenishment, corporate cafés, grab-and-go markets, and special events, and consistently ranks as one of the top independent food management companies in the United States. Visit www.ContinentalServes.com for more details about the company and its diverse portfolio of services.