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."


Wally's In East Ridge Turns 30 With Special Celebration

Cambridge Square Welcomes Local Craft Butcher Shop And Deli

Amazon Expands Grocery Delivery From Whole Foods Market To Chattanooga


Wally's in East Ridge will celebrate 30 years in business next Wednesday, May 8. Owner Glen Meadows said, "To celebrate this day we are rolling back our buffet price to 1989 prices. That day ... (click for more)

Husband and wife team Chris and Sarah Bilbra of Cleveland, have announced plans to open a craft butcher shop and deli in Ooltewah’s Cambridge Square neighborhood. Their space is under construction ... (click for more)

Amazon and Whole Foods Market on Wednesday launched delivery of natural and organic products from Whole Foods Market through Prime Now in Chattanooga and Knoxville, Destin and Tallahassee, Fl., ... (click for more)


Dining

Wally's In East Ridge Turns 30 With Special Celebration

Wally's in East Ridge will celebrate 30 years in business next Wednesday, May 8. Owner Glen Meadows said, "To celebrate this day we are rolling back our buffet price to 1989 prices. That day starting at 7 a.m. we open up serving our breakfast bar then add lunch and dinner buffets in throughout the day. The breakfast bar will be served all day along with the meats and vegetables. ... (click for more)

Cambridge Square Welcomes Local Craft Butcher Shop And Deli

Husband and wife team Chris and Sarah Bilbra of Cleveland, have announced plans to open a craft butcher shop and deli in Ooltewah’s Cambridge Square neighborhood. Their space is under construction and an opening is slated for the late fall of this year. Spek Artisan Meats will specialize in whole animal butchery using animals raised on small farm pastures located within a 150-mile ... (click for more)

Breaking News

Statewide Amber Alert Canceled After Resident Spots Missing 23-Month-Old Girl, Captor In Hixson

A statewide AMBER Alert was canceled after a missing 23-month-old girl in Chattanooga was found early Friday morning. Authorities said Octavia Shaw is safe and her captor, 37-year-old Matias Martinez, is in custody. He was to be charged with especially aggravated kidnapping. He is considered an acquaintance with no parental or custodial rights to Octavia. A resident spotted ... (click for more)

East Ridge Pulls From Rainy Day Fund To Meet No-Tax-Increase Budget

East Ridge will dip into its rainy day fund to be able to make a no-tax-increase budget. A presentation of the city’s 2019-2020 budget was made at the East Ridge City Council on Thursday night. City Manager Chris Dorsey thanked Assistant City Manager Kenny Custer and Financial Director Diane Qualls for their contributions to this budget, saying that it had been very far along ... (click for more)

Opinion

It Is Outrageous That County School Administration Used Our Tax Dollars For Political Lobbying

Dear Dr. Johnson, The campaign central at HCDE headquarters needs a Tennessee Little Hatch Act study time and education. The heart of the issue is that HCDE utilized our tax dollars to lobby against vouchers with employee time, equipment, and lobby payments. Here is my point, I supported ESA vouchers for Hamilton County, and so did a lot of families that desired parental ... (click for more)

Roy Exum: What All Have In Common

A couple of weeks ago I was in the midst of a wonderful crowd and, as we took our places for dinner, there was a bright-eyed fifth-grader seated on my right. Like most his age, he didn’t say much at first but with a nudge or two, he really got it going. He told me how excited he was about going to McCallie this fall and I promised, “Get ready – you are going to have more fun that ... (click for more)