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Elior Group acquires Lancer Hospitality
CHARLOTTE, N.C.–Elior Group, one of the world’s leading operators in the contracted food industry, has signed a definitive agreement through its US subsidiary, culinary management leader Elior North America, to acquire Lancer Hospitality, a foodservice and catering provider based in Minnesota. In operation for more than 30 years, Lancer Hospitality provides professional food management services in a variety of settings from cultural attractions to business centers, schools and healthcare facilities. The company generated sales of approximately $70m in FY 2016. The acquisition strengthens Elior North America’s position in three of its priority markets while also expanding its geographic reach.
“This acquisition is another step within our strategic plan to accelerate development within growing markets,” said Philippe Salle, Elior Group’s Chairman and CEO. “In the segments where we see significant opportunities, Lancer Hospitality fits perfectly. We are focused on growth within the United States and will continue to expand both organically and through strategic acquisitions like this one.”
Lancer Hospitality will continue to operate under its current brand as part of Elior North America’s West Market Segment family of companies, and will be led by Glenn Baron, its current President. All of Lancer Hospitality’s 1,400 employees will remain part of the team going forward and become an integral part of the Elior team.
“The addition of Lancer Hospitality takes us deeper into several markets we currently serve and expands our offerings into new areas,” said Brian Poplin, President and CEO of Elior North America. “In the cultural segment, we are adding a roster of new venues and strengthening our position in the education, senior dining and healthcare verticals, where we already have a strong middle-market presence.”
“We are looking forward to joining the team members at Elior North America, bringing our best practices, and our shared commitment to the clients,” said Baron. “For our employees, there is now tremendous opportunity throughout the company we’re joining, and for our clients, access to additional resources will allow us to invest in our infrastructure, giving us the ability to enhance our operations with new technology and culinary innovation.”
Elior North America
Suzanne Manella, 630-440-9817