©Gulf Coast Canteen
Five Star Food Service, a franchise of Compass Group company Canteen, has announced the acquisition of Alabama-based vending operator Gulf Coast Canteen for an undisclosed sum.
The acquisition will expand Five Star’s vending and workplace food and beverage services further into Alabama and marks the company’s entry into Florida – adding branches in Mobile, Alabama and Pensacola, Florida.
Founded in 1961 as Central Vending, before merging with Mobile Vending in 1999, Gulf Coast Canteen eventually became a Canteen franchise in 2001.
“We are honoured by the opportunity to establish ourselves in the Mobile and Pensacola markets through this strategic acquisition,” said Five Star’s president and CEO, Richard Kennedy.
Five Star’s chief revenue officer, Gregory McCall, added: “We are excited about the entry into two new geographic markets and the opportunities we have ahead of us to develop the existing base business, add new on top and grow profitably”.
The takeover marks Five Star’s 19th acquisition and sixth territory expansion in four years.
© FoodBev Media Ltd 2022
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.