Five Star Food Service has completed full or partial acquisition of three vending and office coffee service companies in Georgia and Tennessee in less than three months.
In June, Five Star acquired a portion of Hiram, Ga.-based Elite Vending Company which included the majority of the business managed inside of a four-county overlap of Five Star’s Canteen Vending franchise territory. Elite will continue to operate and serve its metro-Atlanta customers in Fulton, Cobb, Douglas and Clayton counties, where Five Star does not currently operate.
In July, the acquisition of Rome, Ga.-based Complete Vending included their entire five-route vending and office coffee service operation covering a seven county area.
Earlier this month, the final and largest of the three acquisitions involved Murfreesboro, Tn.-based Webb’s Refreshments which sold its complete eight-route vending and micro-market business to Five Star. Webb’s retained and will continue to operate its office coffee and water service divisions.
This series of acquisitions allows Five Star to consolidate the landscape within its current operating footprint and continue its pace of growth. In addition, Five Star sees opportunity to grow same store sales among its newly added customer base while providing the same level of service exhibited by their predecessors, said officials.