Canadian mid-market private equity firm Fulcrum Capital Partners has acquired Dana Hospitality LP, a provider of food services to businesses, independent schools and healthcare institutions under the Dana Hospitality and Marek Hospitality brands. The financial terms of the deal were not disclosed. Founded in 1987, Dana Hospitality is based in Oakville, Ontario. The acquisition was completed by Fulcrum Capital’s Private Equity Fund IV, closed at $193 million in 2012, and marks the ninth investment of that fund.
Fulcrum Capital Partners Has Acquired The Operations of Dana Hospitality
Dana Hospitality (“Dana”) provides food services to corporations, independent schools and healthcare institutions across Canada under the Dana Hospitality and Marek Hospitality brands. Dana offers a unique approach to food services, providing its customers meals that are made from scratch daily and prepared onsite by chefs using locally sourced ingredients. Dana also operates branded retail food concepts on customer sites. Dana currently employs over 800 people and with its focus on quality and freshness, has become one of the leading providers in the Canadian food service market. The acquisition was completed in Fulcrum Capital’s Private Equity Fund IV and marks the ninth investment in that fund.
Fulcrum Capital Partners manages over $500 million through two private equity funds and a portfolio of mezzanine investments. Fulcrum Capital’s investments typically support management buyouts, acquisitions, going private transactions, leveraged buyouts, corporate growth, and financial restructurings.
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