Aramark Completes AmeriPride Acquisition

Aramark, Philadelphia, recently completed the acquisition of AmeriPride Services Inc., Minnetonka, MN, for approximately $1 billion, according to a news release. The acquisition was announced on Oct. 16, 2017.

AmeriPride has linen, uniform and facility services operations in the U.S. and Canada, with annual revenues of approximately $600 million. The combination of Aramark and AmeriPride will create a leading uniform services provider with enhanced scale and capabilities, serving nearly 500,000 customers. The transaction will bolster Aramark’s competitive position in the U.S., and immediately establish a strong position in Canada, the release noted.

“This merger will enable us to enhance customer service, drive greater efficiencies, expand career opportunities for our employees and we expect it will generate sustainable value for our shareholders,” said Eric J. Foss, chairman, president and CEO of Aramark. “I welcome AmeriPride’s talented and experienced team to the Aramark family, and look forward to our future success as a combined organization.”

Bill Evans, president and CEO of AmeriPride, said that, “I’m very excited about our future and the prospect of bringing together two great organizations, each with unique strengths and incredible talent. We have a great integration team in place and I am expecting a smooth transition for our employees and customers.”

To read the full release, click here. To read more about the acquisition, click here.