American Capital, Ltd., Bethesda, Md., announced that its portfolio company SMG Holdings, Inc., West Conshohocken, Pa., acquired Premier Food Services, a San Diego, Calif.-based provider of outsourced food and beverage services to the entertainment and conference venue management industry.
"As a global venue management company, SMG manages a large and broad portfolio of venues with exceptional diversity across event type, end market, attendee population demographic and geography," says Brian Graff, senior managing director for American Capital. "Its acquisition of Premier provides SMG with an attractive opportunity to expand its foodservice offering outside of its core portfolio of arenas, stadiums and convention centers into business dining, schools and colleges, fairgrounds and off-premise catering."