M&A Deal Summary

Summit Food Service Acquires CBM Managed Services

On November 30, 2017, Summit Food Service acquired business services company CBM Managed Services

Acquisition Highlights
  • This is Summit Food Service’s 1st transaction in the Business Services sector.
  • This is Summit Food Service’s 1st transaction in the United States.
  • This is Summit Food Service’s 1st transaction in South Dakota.

M&A Deal Summary

Date 2017-11-30
Target CBM Managed Services
Sector Business Services
Buyer(s) Summit Food Service
Deal Type Add-on Acquisition

Target

CBM Managed Services

Sioux Falls, South Dakota, United States
CBM Managed Services is a provider of foodservice, commissary, and vending solutions to county, state, municipal and city correctional facilities. CBM Managed Services is based in Sioux Falls, South Dakota.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Summit Food Service

Roseville, Minnesota, United States

Category Company
Sector Business Services
Employees2,500
DESCRIPTION

Summit Food Service LLC is a food service management for correctional facilities of all sizes, including state-wide operations. The company operates across the country serving 550 facilities with more than 2,500 employees.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1