Compass Group Acquires KIMCO Corporation North America
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Compass Group Acquires KIMCO Corporation North America
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Category: North America & West Indies / Carribean islands - Industry economy
- Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2009-02-04
Compass Group PLC announces the acquisition of the North American KIMCO Corporation (“KIMCO”) from the Tarson family.
With 5,500 employees, KIMCO provides predominately caretaking soft services to commercial and industrial customers across North America. The consideration, which was paid in cash, was US$75m with a further maximum US$15m performance related payment.
Gary Green, Group Managing Director of Compass North America said: "We are excited to be gaining such capable and experienced management talent through the acquisition of KIMCO, which enables us to deliver services to additional segments of the market, and which positions Eurest Services for continued growth in North America.”
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