Next Generation was formed in 2007 by the acquisition of the assets of All Seasons Services, a major vending and manual foodservice management company that had run into financial difficulties and been seized by a creditor after defaulting on a major loan. The company has added to its business since then but remains primarily a vending concern. However, the 17% of its revenues that are derived from dining operations (about $20 million) are sufficient to qualify the company for the Top 50.
Like many companies, Next Generation is marketing healthy food choices, promoting its Vitalities brand, and introducing an all-organic and natural vending machine program through its GreenVend brand. It has also deployed remote monitoring technology in select vending markets with a plan to roll out company wide. Meanwhile, the manual dining end has focused on growing check averages and participation rates through an increase in marketing and promotions.
Major Segments Served:
B&I (87.1%), Government (6.5%), College/University (6.4%)
No. of Contracts
2010: 78 (dining only)
2009: 67 (dining only)