Freeman Spogli acquired a majority stake in Five Star Food Services.

Freeman Spogli & Company, management and other investors has acquired Five Star Food Service. Financial terms of the transaction were not disclosed. Five Star is a leading provider of unattended food and beverage solutions in the Southeast, operating over 1.35k micro markets, 17.5k vending machines, 7.3k coffee machines and serving over two million dining meals per year throughout Tennessee, Georgia, Mississippi, Alabama and Kentucky. Five Star is the largest franchisee of Canteen Vending Services, a division of Compass Group USA, which is the leading provider of micro markets and unattended food service in the United States. "Micro markets are a high growth segment of unattended foodservice benefiting from shifting consumer preferences towards snacking, portable meals, and fresh and healthy offerings. Led by CEO Alan Recher, the Five Star management team has done an outstanding job positioning Five Star as the leading provider of unattended food and beverage solutions in its geographies. We are pleased to partner with management in the next phase of this exciting growth story and look forward to supporting Five Star as long-term investors in the Company." Brad Brutocao, Freeman Spogli partner.