Elior SCA to buy TrustHouse Services

Paris-based company provides contract and concessions catering.

March 18—Gryphon Investors, a San Francisco-based private equity firm, announced that it has entered into an agreement to sell TrustHouse Services Group to Elior SCA, a provider of contract and concessions catering headquartered in Paris, France.

Elior is partnering with its two main shareholders and TrustHouse's management for the acquisition. TrustHouse was founded by former Compass Group CEO Michael J. Bailey, and is focuses on healthcare, education and corrections foodservice. The transaction is expected to close early in the second quarter. Terms of the transaction were not disclosed.

In its partnership with Bailey, Gryphon formed TrustHouse in March of 2008. During Gryphon's ownership, the company experienced organic growth and integrated three acquisitions, resulting in operations expanding from 22 to 45 states.

"Gryphon has been a valuable partner and I appreciate their support of the original vision, including our organic growth plans and acquisition strategy,” Bailey, CEO of TrustHouse, said in a press release Despite the challenging economic conditions early on, we were successful in executing our investment thesis of building a leading CFS platform. We are enthusiastic about partnering with Elior and believe we are well positioned for our next phase of growth."  

More From FoodService Director

Industry News & Opinion

The University of Maryland will begin offering weekly specials at all of its dining halls this semester, The Diamond Back reports.

The weekday specials will allow Dining Services to offer past menu items that students miss as well as new dishes students have been requesting, according to a spokesperson.

Students can find out which specials are being offered each week via dining hall table tents as well as through Dining Services’ social media. During select weeks, the specials may reflect a particular theme, such as Taste of the South.

Read the full story via...

Ideas and Innovation
university michigan hat coffee cookies

When it comes to fostering engagement in sustainability efforts, you can step up and do the work, or wait for it to happen to you, says Keith Soster, director of sustainability and student engagement for the University of Michigan in Ann Arbor. Here’s a look at Soster’s job description, and how the position has redefined the program.

Q: How did your position come to be?

A: Before Michigan Dining went through a reorganization, requests for student and community partnerships went to whoever could be reached. They wanted someone to be the face of student and community connections—...

Managing Your Business
benefits graphic

So-called fringe benefits such as paid sick and parental leave are anything but fringe in 2017. This year, a flurry of jurisdictions are enacting medical and family leave laws. Arizona, Washington, Vermont, Minneapolis and Chicago will all require employers to offer paid sick leave to workers, and the Society for Human Resources Management predicts that paid parental leave regulations like those approved in Washington, D.C., and New York state last year will continue to crop up on the local level.

At Penn-Harris-Madison School Corp. in Mishawaka, Ind., the food services department’...

Managing Your Business
hand chip card

Between menu planning, budgets and the other myriad concerns FSDs face, it’s easy to overlook the simple ID and/or cash cards issued to diners. But making the choice to upgrade technology can unlock the potential of these once-humble cards: They can be room keys, event tickets and, perhaps most importantly, a needed additional layer of security.

That’s the future of student IDs at the University of Notre Dame, which will switch from magnetic strip cards to chip-based ones in August 2017. “Traditionally, the ID cards have been used as point-of-entry access for dining operations,”...

FSD Resources