PHILADELPHIA — Aramark, a provider of services in food, facilities management and uniforms based here, has completed the previously announced acquisition of AmeriPride Services Inc. for approximately $1.0 billion, the company reports.
AmeriPride is a uniform and linen rental and supply company in the United States and Canada, with annual revenue of approximately $600 million. Aramark says the combination of the two uniform services companies will create a uniform services provider with enhanced scale and capabilities, serving nearly 500,000 customers.
The transaction will bolster Aramark’s competitive position in the United States, and immediately establish a strong position in Canada, according to the company.
“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,” says 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.”
Aramark will host a conference call to review its first quarter 2018 earnings Feb. 6 at 10 a.m. Eastern, and will also provide an update on the integration of its recently completed acquisitions of Avendra LLC and AmeriPride at that time.