In mid-March the Trust–house Services Group (TSG), a $451 million contract services company based in Charlotte, announced it is being acquired by European catering giant Elior SA, based in Paris. The move gives Elior, with about $6 billion in worldwide revenues, an expanded presence in the U.S. TSG itself was created a mere five years ago by former Compass Group CEO Mike Bailey with the acquisition of three companies—Fitz Vogt & Associates, Aladdin Food Management and ...

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