Accent Food Services, LLC (“Accent”) announced that it has completed the acquisition of Employee Vending Services, Inc., dba Crosby Food and Vending.
Crosby is one of the largest independent providers of vending services in the Dallas / Fort Worth market. The company provides high quality services and products to over 300 customers in the retail, manufacturing, business services, education, and government sectors. Acquiring Crosby expands Accent’s geographic footprint and provides Accent with significant opportunities for growth.
“Crosby is an ideal platform for us to enter the rapidly growing Dallas market,” said Tom Hawkins, Chief Executive Officer of Accent. “We are very excited to continue to build upon the Company’s strong customer base and exceptional reputation for first rate customer service.”
Adds Greg Barr, Managing Partner of Silver Oak Services Partners, Accent’s private-equity sponsor, “Expansion into large, growing markets with attractive demographics like Dallas is a key component of Accent’s long-term strategy. We look forward to continuing to build our business in our three primary markets of Dallas, Austin and San Antonio.”
Silver Oak and management continue to build the Accent platform into the premier provider of vending, office coffee and break room refreshment services in Texas. The company has completed three acquisitions since its partnership with Silver Oak and continues to pursue add-on acquisitions of complementary businesses in attractive geographies.
Please contact Tom Hawkins of Accent or Greg Barr or Dave Bornhoeft of Silver Oak for additional information.
Silver Oak Services Partners, LLC, whose principals have more than 50 years of collective private equity experience, invests in business, consumer and healthcare services companies in the lower middle market, typically with revenue between $15 million to $150 million