Centerplate, Inc. is a

food Food is any substance consumed by an organism for Nutrient, nutritional support. Food is usually of plant, animal, or Fungus, fungal origin and contains essential nutrients such as carbohydrates, fats, protein (nutrient), proteins, vitamins, ...

and beverage

corporation A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as ...

serving entertainment venues in

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

, and the UK. Centerplate, formerly known as Volume Services America, Inc., was originally a division of Canteen Corp. In 1995, it was sold to Flagstar, controlled by private equity firm

Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total ...

(KKR), which then sold Volume Services to

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who h ...

after Flagstar filed for

Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

. Volume Services changed its name to Centerplate in 2004 when the company completed an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. In 2009, Centerplate again became a private company following its merger with an affiliate of

Kohlberg & Company Kohlberg, formerly known as Kohlberg & Company, L.L.C, is an American private equity firm that focuses on leveraged buyout transactions. Founded by investor Jerome Kohlberg, Jr., the firm invests in a variety of transactions including leveraged ...

. In 2012, Centerplate was acquired by a consortium of investors including members of the then current management team as well as private equity firm

Olympus Partners Olympus Partners is a private equity firm founded in 1988 to make equity investments in middle market leveraged buyouts and growth capital financings. Although the firm invests in a wide array of industries, over time it has developed deep know ...

. In 2017, Centerplate was acquired by food services company

Sodexo Sodexo (formerly Sodexho Alliance) is a French food services and facilities management company headquartered in the Paris suburb of Issy-les-Moulineaux. It has 522,000 employees as of 2023, operates in 55 countries and serves 100 million custome ...

Venue Partners

Centerplate provides services to various venues in the United States, Canada and the United Kingdom, including arenas, cinemas, convention centers, resorts, restaurants, zoos and aquariums.

References

Catering and food service companies of the United States Companies based in Stamford, Connecticut Companies that filed for Chapter 11 bankruptcy in 1997 Spartanburg, South Carolina Private equity portfolio companies {{US-entertainment-company-stub Kohlberg Kravis Roberts companies