Trusthouse Services Group

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Fiscal 2013 Sales Volume: $474,000,000

TrustHouse replaced its private equity partner, Gryphon Investors, Inc., through the sale of a majority stake to Elior S.A, reportedly the fourth largest contract food service and concessions company in the world with revenues of around $7 billion.  

The TrustHouse management team continues to hold a significant share in the firm with all of the senior management team retained. The company says it anticipates continued expansion in the US marketplace through a combination of acquisitions and organic growth..

The effects of acquisition, especially the 2012 deal for Valley Services, meant that 2013 was also in part a period of consolidation. However, Trusthouse also found time to enhance its menus with new offerings and nutrition compliance initiatives for the K-12 segment and a continued focus on organic and vegetarian/vegan products. There are also an array of new offerings for specific diet, diabetic, renal and weight loss needs in the senior dining segment..

Trusthouse was formed by the 2008 acquisitions of three formerly independent foodservice management companies and is headed by former Compass Group CEO Michael Bailey.

The firm concentrates on the institutional market, believing that segments like healthcare, education and corrections provide more stability than market-dependent ones like B&I and recreation.

 

Ranking #7

GENERAL INFORMATION

Trusthouse Services Group
CHARLOTTE, NC

Contact Information
2201 Water Ridge Parkway, Suite 320, Charlotte, NC 28217
(704) 424-1071
www.trusthouseservices.com

FINANCIAL INFORMATION

Sales Volume
2013: $474
2012: $451
2011: $124

No. of Contracts
2013: 610
2012: 618

Segments Served:
Senior Dining (53%), College/University (18%), Corrections (13%), K-12 (12%), B&I (4%)

KEY EXECUTIVES

   Mike Bailey, Chairman/CEO
Onsite Leaders

  • Innovators

  • Top 50

  • Best Concepts

  • Silver Plate

 

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