Elior Group acquires CBM Managed Services in the US
Elior Group, one of the world's leading operators in the contracted food industry, has signed a definitive agreement through one of Elior North America’s subsidiaries, Summit Food Service, to acquire CBM Managed Services, expanding the Group's position in the United States in the corrections foodservice market.
Summit Food Service, one of the country’s leading providers of foodservice to correctional facilities, operates in 30 states, serving 350 facilities, both on the local and state level. The addition of CBM Managed Services, based in Sioux Falls, SD, to its portfolio of companies strengthens Summit’s position within the correctional market and provides new opportunities for growth. CBM has just under a thousand employees serving 200 locations in 29 states. CBM generated sales of approximately $70m in FY 2016. The acquisition brings together two of the largest corrections foodservice management companies in the market with combined revenues of more than $230 million.
“By adding CBM to Elior North America’s portfolio of companies, we further expand within the corrections industry and increase our geographic reach. CBM and Summit will leverage their resources and similar business practices to strengthen our customer partnerships,” said Brian Poplin, President and CEO of Elior North America. “Operating in this market is unique; we are fortunate that our culture and our operations show by example our understanding of the role food plays in the wellbeing at a correctional facility.”
CBM has been providing foodservice, commissary, and vending solutions to county, state, municipal and city correctional facilities for more than 25 years. The company operates with a strong commitment to serving its clients by providing quality food, with personalized service, through a highly motivated team of professionals. They are focused on using fresh, high-quality foods and tested recipes within their foodservice programs. CBM attributes its success to the overall understanding that they are not in the food business, but in the business of people, serving food.
CBM will be aligned with Summit to enhance service offerings and programs and the entity will continue to be led by current President and CEO, Marlin Sejnoha.
“We operate in this space as trusted, relationship-driven partners,” said Marlin Sejnoha. “We are aligned with Summit’s values, and joining the family allows us to further strengthen our commitment to this niche industry while offering our employees increased opportunities.”