In The News

FM's Top Management Companies 2012
Food Management Magazine

Top 50 Listings 2012 - Leading Management Companies Ranked by Revenue

FM’s annual profiles of the 50 largest U.S. foodservice management companies is limited to those that operate significant manual foodservice operations (e.g., specialists primarily in catering or vending are not included).

The 2012 Top 50 has five new companies, including a prominent new force in the sports concessions segment: Legends Hospitality Services, formed only four years ago and now with sufficient volume to make it #13 on our list. Another prominent addition is Southwest Foodservice Excellence (#24), which joins two other newcomers, Opaa Food Mgt. (#34) and Revolution Foods (#39) in illustrating a new emphasis on the K-12 segment by the contract community.  

While the broad economy continues to sputter, the Top 50 grew by over $2 billion, led by #1 Compass Group, which accounted for about half that total by itself. Other big gainers included #2 Aramark (up $414 million), #4 Delaware North (up $300 million) and #9 Trusthouse Services Group (up $116 million). The latter is expected to double that total next year once it absorbs its recent acquisition, #15 Valley Services (and its nearly $200 million volume).

FM’s Top 50 is limited to firms that operate significant manual foodservice operations, so companies that are, for example, exclusively vending specialists or caterers are not included. Onsite foodservice is a remarkably varied industry encompassing operations in a wide variety of environments, so one should review the business summaries for each company to get a more accurate picture of its market activity rather than simply drawing conclusions based simply on its position on the Top 50. Revenue rank doesn’t always tell the whole story because contract terms may obscure the scope of what is being managed. 

Where the Numbers Come From...

The number that determines each company’s place in the Top 50 is its domestic top-line revenues for the most recently completed fiscal year (in millions of dollars). Because most companies operate on calendar years, they show a 2011 figure. In the few cases where 2012 fiscal numbers are available, we’ve used that figure. Next year, FM will move the Top 50 to March when most 2012 numbers will be available, and this data will be updated. Where numbers are not available, FM estimates are based on known accounts and other information.



View original article here
FM's Top Management Companies 2012
Food Management Magazine

Top 50 Listings 2012 - Leading Management Companies Ranked by Revenue

FM’s annual profiles of the 50 largest U.S. foodservice management companies is limited to those that operate significant manual foodservice operations (e.g., specialists primarily in catering or vending are not included).

The 2012 Top 50 has five new companies, including a prominent new force in the sports concessions segment: Legends Hospitality Services, formed only four years ago and now with sufficient volume to make it #13 on our list. Another prominent addition is Southwest Foodservice Excellence (#24), which joins two other newcomers, Opaa Food Mgt. (#34) and Revolution Foods (#39) in illustrating a new emphasis on the K-12 segment by the contract community.  

While the broad economy continues to sputter, the Top 50 grew by over $2 billion, led by #1 Compass Group, which accounted for about half that total by itself. Other big gainers included #2 Aramark (up $414 million), #4 Delaware North (up $300 million) and #9 Trusthouse Services Group (up $116 million). The latter is expected to double that total next year once it absorbs its recent acquisition, #15 Valley Services (and its nearly $200 million volume).

FM’s Top 50 is limited to firms that operate significant manual foodservice operations, so companies that are, for example, exclusively vending specialists or caterers are not included. Onsite foodservice is a remarkably varied industry encompassing operations in a wide variety of environments, so one should review the business summaries for each company to get a more accurate picture of its market activity rather than simply drawing conclusions based simply on its position on the Top 50. Revenue rank doesn’t always tell the whole story because contract terms may obscure the scope of what is being managed. 

Where the Numbers Come From...

The number that determines each company’s place in the Top 50 is its domestic top-line revenues for the most recently completed fiscal year (in millions of dollars). Because most companies operate on calendar years, they show a 2011 figure. In the few cases where 2012 fiscal numbers are available, we’ve used that figure. Next year, FM will move the Top 50 to March when most 2012 numbers will be available, and this data will be updated. Where numbers are not available, FM estimates are based on known accounts and other information.



View original article here