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.

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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
Mergr

Product

Company

Legal