TrustHouse buys Valley Services
Transaction is the third for TrustHouse in the last 12 months.
June 4— Foodservice management company Charlotte, N.C.-based TrustHouse Services Group has acquired Valley Services Inc., the Jackson, Miss.-based contractor that has a large presence in the senior nutrition market. Terms of the deal, which is being described as a merger, were not disclosed.
The transaction is the third by TrustHouse in the last 12 months. In April, the company acquired Lindley Food Service, and purchased A’viands LLC last July. According to company executives, the latest deal will make TrustHouse the sixth largest foodservice contractor in the U.S.
“This is a very significant transaction for our company,” said Chairman and CEO Michael Bailey. “TrustHouse will now have annual revenues approaching $500 million and trade in 44 states.” Bailey added that Valley will continue to operate as a stand-alone division, with CEO Jim Walt and his management remaining on board.