This acquisition substantially strengthens Sodexo’s position in the North American market, and brings the group’s sports and leisure business to scale in the region.
Sodexo, Gaithersburg, Md., signed an agreement to acquire Centerplate, Inc., a Stamford, Conn.-based provider of food and beverage, merchandise and hospitality services for sports facilities, convention centers and entertainment facilities in the United States, UK, Canada and Spain, from Olympus Partners, Stamford, Conn., for $675 million.
This acquisition substantially strengthens Sodexo’s position in the North American market, and brings the group’s sports and leisure business to scale in the region. In the UK, the acquisition supports Sodexo’s strategy to grow its stadia and cultural destination portfolio. The acquisition also positions Sodexo as a leading player in sports and leisure globally, more than doubling its footprint.