Compass in small side-dish acquisition

8th Jun 2010 07:20

Catering firm Compass Group has snapped up a North American provider of soft support services operating in the education and business and industry sectors.The company is paying $65m (£45m) in cash for Southeast Service Corporation (SSC), a company which last year had revenue of $153m (£106m).Founded in 1969, SSC has over 6,500 employees providing soft support services to schools, colleges & universities, as well as a range of commercial clients. SSC has over 1,000 clients in 36 states, with its corporate headquarters in Knoxville, Tennessee.“Building on the success of our significant education food service business, this acquisition enables us to extend the range of services we provide in this important sector,” claimed Compass chief executive officer Richard Cousins.