Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Elior acquires US food service business TrustHouse Services Holdings

Written by:
Elior acquires US food service business TrustHouse Services Holdings
Written by:

Contract caterer Elior is entering the US food service market with the acquisition of TrustHouse Services Holdings (THS), the fourth largest operator in the country’s healthcare and education market.

Founded in 2008, THS has an annual turnover of around $450m (£297m) and employs 5,000 staff. It serves 250,000 meals a day across 700 contracts throughout the USA.

The undisclosed cost of the transaction is being provided by Elior’s major shareholder Charterhouse Capital Partners and the group’s founder, Robert Zolade, in association with THS management including its founder Michael Bailey, who will remain as THS’s chief executive.

Zolade said: “The successful integration of companies and their management has been from the start a key element of Elior’s success.”

Earlier this month, Caterer and Hotelkeeper reported that the sale of Elior for a reputed £3.45b had been put on hold as the company was on the verge of making an acquisition in the USA. Charterhouse Capital Partners took the decision to make a planned exit from the business at the end of last year and Rothschild Bank, HSBC and Credit Agricole were tasked with finding a replacement.

Elior sale on hold for US acquisition >>

Elior wins three-year deal to provide catering at Bracknell and Wokingham College >>

Elior renews lucrative Lloyd’s building catering deal >>

Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free