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Sodexo’s InReach Acquires Five Star Food Services

Feb 05, 2024•almost 2 years ago

Acquiring Company

Sodexo

Acquired Company

Five Star Food Services

GaithersburgStaffordFacilities ServicesHospitalityFood And Beverage

Description

Sodexo’s InReach, the global foodservice leader's multimarket convenience solution, has acquired Five Star Food Services. This acquisition reinforces Sodexo's commitment to prioritize the Houston area and strategically enhances the company's value and service standards.

Company Information

Company

Sodexo

Location

Gaithersburg, Maryland, United States

About

Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play. The Group stands out for its independence, its founding family shareholding and its responsible business model. Its portfolio of activities includes Sodexo Food and Facilities Management Services and Pluxee Employee Benefit Solutions, activity for which the Group announced a spin-off with a listing expected on February 1, 2024.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed