Announced
Completed
Financials
Tags
Canada
Airport Food
Restaurants and Bars
Acquisition
Completed
Friendly
Single Bidder
Cross Border
Private
Majority
Synopsis
SSP Group, an operator of travel food and beverage outlets, completed the acquisition of ECG Ventures, a company that specializes in airport food & beverage concessions. Financial terms were not disclosed. "Both the acquisition of ECG in Canada and the significant contract win at Jeddah are excellent examples of our business development strategy in action. We are clear that a combination of investing in organic growth and carrying out selective infill M&A will create sustainable long-term value and returns, and North America and the Middle East are important areas of focus for expansion. We very much look forward to welcoming the ECG team to SSP and to delighting passengers at Jeddah with our carefully selected mix of brands and concepts," Patrick Coveney, SSP Group CEO.
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