Webster Capital has sold Comfort Keepers, a Dayton, Ohio-based provider of non medical in-home services, to Sodexo. No financial terms were disclosed. Webster acquired a majority stake in Comfort Keepers over two years ago, with leverage and an equity co-invest from Allied Capital.
Sodexo announced today that it has acquired 100% of Comfort Keepers, one of the leading providers of non medical in-home services in North America.
Founded in 1998 in Dayton, Ohio, Comfort Keepers provides a wide range of in-home companion and personal care services that enable seniors and people in need of support to maintain the highest possible level of independence. Services include companionship, meal preparation and providing assistance with administrative needs, hygiene and outdoor exercise.
Comfort Keepers is a franchise business with a network of 550 agencies throughout the United States.
With this acquisition, Sodexo reinforces its Quality of Life services offering to seniors as well as its global leadership in the Seniors segment, in which it generated global revenue of 800 million euro in Fiscal 2008.
Sodexo, founded in 1966 by Pierre Bellon, is a world leader in Food and Facilities Management services, with more than 355,000 employees on 30,600 sites in 80 countries as of August 31, 2008. For Fiscal 2008, which closed August 31, 2008, Sodexo had revenue of 13.6 billion euro. Listed on Euronext Paris, the Group has a current market capitalization of 5,8 billion euro.