Michigan's Continental Services Acquires Metro Vending Service

Posted On: 4/13/2018

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BOSTON -- New Heritage Capital said its portfolio company Continental Services has acquired Metro Vending Service Inc. (Roseville, MI), which serves the greater Detroit market. As part of the acquisition, the Metro Vending staff will join the Continental team.

According to Steve LaPorte, president of Continental's refreshment services group, Metro Vending expands Continental's client base with a diversified roster of long-term customers cultivated over the course of more than seven decades in business.

"Metro Vending further adds great leadership skills, a deep bench of industry experts and outstanding customer focus to our refreshment services operations," LaPorte said. "We are eager to share Continental's custom-tailored, on-the-go food service options and market leading service with a new group of customers."

Founded in 1989 and headquartered in Detroit, MI, Continental provides dining, refreshment and event services for more than 700 small and medium-sized businesses, blue-chip corporations, colleges, universities, business and industrial sites and hospitals and medical centers. The company's services range from on-site corporate cafés, grab-and-go markets and traditional vending, to off-premise catering and event services.

"The Continental team continues to find and execute on tuck-in acquisitions to bolster their local market presence, and we at Heritage are pleased to support them in these efforts," added Heritage partner Melissa Barry. "We look forward to continuing on this exciting growth trajectory with them." Heritage is a Boston-based private-equity firm with a 20-year history of partnering with growing, middle market, founder-owned businesses.

Metro Vending joins Satellite Vending Co. and 24 Hr. Vending LLC as the third acquisition completed by Continental in the past nine months. Bringing Metro Vending on board marks another key milestone for Continental as it pursues its continued growth and geographic expansion objectives. The company is also making strategic investments in innovation and technology to enrich the customer experience across its entire portfolio of services.

Marc Rosset of Professional Vending Consultants Inc. assisted as intermediary in the transaction.