Five Star Completes 9 Acquisitions In 2017

Thursday, February 8, 2018

In 2017, Five Star set out to have the best year in the company’s 24-year history. While a few goals were left unmet, by many measures, last year could be considered the company’s greatest, said Five Star officials. Highlights include continued top and bottom line revenue growth which allowed for investments in technology, new service lines, charitable giving, and acquisitions. 

Five Star experienced an unprecedented year in terms of growth (40 percent) in micro markets. The year started with a burst of excitement by celebrating the opening of the 600th micro market in January. Ten months later, the company had opened its 750th market and has opened an additional 90 stores since. That’s nearly 250 markets in the past 12 months. 

A visit from close friends of Five Star, the Richardson’s (Jimmy, Jason, and Cole), armed with an idea for a micro market promotion to launch Pierre’s new line of sandwiches with a payoff of donating funds from sales to feed hungry kids planted the seed for the formation of a 501(c)(3) charity, Feeding the Future, Inc. The foundation went on to donate over $30,000 to Chattanooga’s local food bank and plans to make on-going donations to fight childhood hunger across its service footprint funded by company profits and other fundraising initiatives.  

Early in the year an acquisition allowed for an expansion of water service capabilities to include 5-gallon jug spring water. The move completed the company’s service portfolio as a one-stop-shop for workplace convenience services. Five Star offers its private labeled spring water in Chattanooga and is poised to launch in other regions. 

Five Star realized the opportunity to partner with hotels to help them more efficiently manage their lobby pantry markets. Via a partnership with Supply Wizards an online ordering platform was launched offering two-day delivery and inventory management for local hotel partners. Like 5-gallon water service, hotel pantry management will soon become available to more metro areas. 

Five Star retrofitted over 9,000 vending machines with USA Technologies’ ePort Interactive card readers. The deployment allowed Five Star to actively engage the consumer at the point of purchase, resulting in a lift in promoted products, cashless and mobile wallet transactions. 

In all, Five Star has completed nine acquisitions since last January. The focus of most was to bolster base business across all lines and provide a healthy opportunity for operational efficiencies and same store sales growth. All acquisitions were considered “tuck-ins” or inside Five Star’s existing Canteen franchise service area. 

All or parts of the following companies were purchased by Five Star: Southern Coffee Service (Chattanooga); JBA/Manda Lee Vending (Sevierville); River City Vending (Chattanooga); Middle Georgia Vending (Macon, Ga.); anonymous operator (Knoxville); Blue Ridge Spring Water (Chattanooga); Old Fashion Foods (Rome, Ga.); Preferred Vending (Cherry Log, Ga.); and Blue Ridge Spring Water (Knoxville). 



Shaw Industries Named To Selling Power’s “50 Best Companies To Sell For” List

Shaw Industries Group, Inc. (Shaw) earned national recognition, ranking No. 18 on Selling Power magazine’s 50 Best Companies to Sell For list. Shaw is the only flooring manufacturer to be ranked on the list. Each year, the corporate research team at Selling Power magazine assembles and publishes the list of the 50 Best Companies to Sell For. The list represents a variety of ... (click for more)

Trident Transport Ranks No. 1 In Chattanooga And No. 400 in America On 2018 Inc. 5000

Inc. magazine revealed last week that Trident Transport is No. 1 in Chattanooga and No. 400 on its 37th annual Inc. 5000, a ranking of the nation’s fastest-growing private companies. The list represents a look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses, said officials. Microsoft, Dell, Domino’s Pizza, Pandora, ... (click for more)

Female Inmate Dies At Bradley County Jail Monday

A female inmate was found unresponsive at the Bradley County Jail on Monday afternoon. Correctional officers and on-site medical personnel performed life saving measures, but she was later declared dead after Bradley County EMS arrived.  The inmate was 54-year-old Fawn Zanette Brandham. Correctional officers contacted the 12th Judicial District Attorney's office, ... (click for more)

Federal Appeals Court Rules In Favor Of Family With Down Syndrome Child Who Sued County Schools

The Sixth Circuit Court of Appeals has ruled in favor of a couple with a Down syndrome child who sued the county schools. The parents of Luka Hyde objected when the county schools tried to move him from his zoned school to a segregated school. The ruling says under federal law that students with disabilities are supposed to be placed in the least restrictive ... (click for more)

Use Purse Building For Chattanooga Museum Of History And Industry

I was caught off-guard and pleasantly stoked by Eric Atkins' editorial on Chattanoogan.com last week suggesting that one of the soon-to-be surplused city buildings could be turned into a history museum.   I didn't think anyone other than myself that I didn't know cared, or at least would turn their thoughts into the topic of an editorial.  I believe that most of the ... (click for more)

Roy Exum: One Person Every Hour

After the first weekend in August, the United States was shaken to its core as every major media outlet reported that 67 people had been shot in Chicago, 12 of them dead in the senseless carnage. Chicago mayor Rahm Emanuel pleaded for calm and announced an additional 600 police officers would join other law enforcement in the five most troubled districts. This past weekend, which ... (click for more)