Wednesday, November 15, 2017

Sodexo buying Centerplate for $675 million

Sodexo, the international food services and facilities management company that has its U.S. headquarters in Gaithersburg, is buying sports and entertainment venue hospitality provider Centerplate from its private equity owners for $675 million in cash. The deal, announced early Wednesday, will allow Sodexo (NYSE: SDXAY) to build its profile at American sports and entertainment venues. The Paris-based company says the acquisition will increase its revenue in sports and leisure twofold, as Connecticut-based…



from https://www.bizjournals.com/baltimore/news/2017/11/15/sodexo-buying-centerplate-for-675-million.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/167520551907

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