CHARLOTTE, N.C.
,
Jan. 6
/PRNewswire/ -- Compass Group North America of
Charlotte, NC
, announces the completion of its acquisition of
Harwood Heights,
Illinois
-based KIMCO Corporation, a provider of support services operating
mainly in the business & industry sector. Through the acquisition, KIMCO
becomes a wholly owned subsidiary of Compass Group North America under Eurest
Services, a division of Compass Group North America focused on delivering
support services to the business & industry sector. The transaction was
finalized on
Wednesday, December 31, 2008
.
"We are excited to be gaining such capable and experienced management
talent," said
Bobby Kutteh
, CEO of Compass Support Services. "KIMCO enables us
to deliver services to additional segments of the market, and the acquisition
positions Eurest Services for continued growth."
KIMCO is comprised of 5,500 employees providing soft services, mainly
janitorial, to commercial, retail and industrial customers in 37 states. The
company will maintain its operational structure as it merges with Eurest
Services. The acquisition will enable Eurest Services to better serve existing
and future dining services customers through its expanded national presence.
Crothall Services Group, the sister company of Eurest Services, will continue
its focus on the healthcare sector.
"This is truly an exciting development in the evolution of the company.
KIMCO and Compass Group share a commitment to quality, service, and employee
development. We are now positioned to be even more valuable to our client
partners in this increasingly competitive environment," said
John Barrett
,
CEO, KIMCO Corporation.
About Eurest Services
Headquartered in
Wayne, Pennsylvania
, Eurest Services' goal is to be the
preferred partner for support services to the world's leading organizations.
Eurest Services is committed to consistently delivering superior support
services in the most efficient way, for the shared benefit of its customers.
To learn more about the company and its services, contact Eurest Services at
sales@eurestservices.us
or online at
http://www.eurestservices.us
.
About Compass Group North America
Based in
Charlotte NC
, Compass Group North America is the leading
foodservice and support services company with more than
$9 billion
in revenues
in 2008. With 388,000 associates worldwide, its parent company, UK-based
Compass Group PLC had revenues of
euro 11 billion
in the year to
September 30,
2008
.
http://www.cgnad.com
.
SOURCE Compass Group North America