Five Star Announces Series Of 4 Acquisitions

Tuesday, April 23, 2019

Five Star Food Service announced Tuesday the completion of four acquisitions spanning service lines of micro markets, vending, pantry, office coffee, water, and catering. Three of the four acquisitions were tucked in to the company’s existing franchise footprint while the fourth expanded the franchise area across Georgia’s midsection including the entirety of metro Atlanta.

The first and largest acquisition of the group was Southern Refreshment Services, Atlanta’s premier provider of workplace convenience services, former winner of the NAMA Operator of the Year, and Canteen franchise. The purchase expanded Five Star’s Canteen franchise territory to cover all of metro Atlanta and included operating subsidiaries of Allmora Culinary Services and Old Fashion Foods. Five Star will continue to operate Allmora as a subsidiary division focused on catering and will expand its capabilities across the company’s footprint. Southern Refreshment Services and Old Fashion Foods will join Five Star’s Marietta location (formerly Eagle Vending) in forming a new region under the Five Star name led by Southern’s former President, Jeff Parks.

“Dan Hart and the leadership at Southern Refreshment Services have built an incredible company and legacy over the last 40 years – that is not lost on us," said Al Recher, president and CEO of Five Star. "We are blessed with the opportunity to continue to grow the business and serve their great customers. The Atlanta market and its consolidation offers many operating synergies on top of the great value and reputation Southern brings to Five Star. We are beyond excited about the opportunities ahead of us." 

In early March, Five Star entered into an agreement to purchase the micro market, vending, and coffee service portion of Knoxville-based Star Vending. The deal added more than 250 customers to the company’s existing base – boosting route density for all service lines in Knoxville. The former owners, Gordon and Dee Turnage, will continue operating Star as a catering business locally.

A few short weeks later, Five Star acquired Jonesboro, Ga.-based Tara Vending tucking in over 150 vending, micro market, and coffee service customers to the company’s existing base in the South Atlanta and Middle Georgia regions.

In early April, Five Star reached an agreement to acquire the bottled water service business of Nature’s Big Spring Water in Knoxville from Calhoun-based J&J Water, Inc. The purchase adds to Five Star’s growing five-gallon bottled water service business – making the company the second largest bottled water service operator in the East Tennessee region.

“We are honored to add the great companies of Star Vending, Tara Vending, and Nature’s Big Spring Water to our growing business," said Mr. Recher. "Each brings strong value, customer relationships, and growth opportunity to our company."


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