Centerplate And The Lindley Group Combine To Become Premier Global Hospitality Provider
STAMFORD, Conn. and LONDON, April 4, 2013 /PRNewswire/ -- Centerplate, the leading event hospitality partner to North America's top sports stadiums, entertainment venues and convention centers, today announced that it has completed the acquisition of The Lindley Group, which serves many of United Kingdom's premier sporting facilities and tourist destinations. Terms of the deal were not disclosed.
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/61091-centerplate-acquires-the-lindley-group-premier-global-hospitality-provider
The deal between Centerplate and The Lindley Group, individually recognized as industry leaders in guest-focused, locally-inspired hospitality and strategic design services for each of their respective markets, creates a global leader in event hospitality.Jointly, the new company will continue to provide food, beverage and merchandise services to more than 115 million guests annually, at many of the world's most successful and iconic sporting facilities, convention centers and attractions in North America and the U.K., including the Jacob K. Javits Convention Center in New York; the Mercedes-Benz Superdome in New Orleans, home to the 2013 Super Bowl; and the Warner Bros. Studio Tour London – The Making of Harry Potter. Global expansion tops a period of significant growth for Centerplate, previously named the fastest growing restaurant hospitality group in America by Nation's Restaurant News, a leading hospitality publication. Combining the best in hospitality strategy from the U.S. and the U.K., the new Centerplate is perfectly positioned to pursue premier client venues in the United States, Great Britain and Europe. With the addition of The Lindley Group, Centerplate's revenues for the combined company are anticipated to exceed $1 billion USD in 2013. There are no plans to make reductions to the company's combined workforce, which now exceeds 35,000 individuals worldwide, and each entity will continue to operate under its current name. The Lindley Group's Chief Executive, Adam Elliott, will assume the title of President, The Lindley Group, and Executive Vice President, Centerplate, reporting to Centerplate President and CEO Des Hague. Hague, who was born and raised in the U.K. and began his career in hospitality leadership positions throughout Europe, will draw on his extensive personal and professional background in the United Kingdom as he leads the global organization. "From service innovation and culinary excellence to venue design, Centerplate has always put the guest and fan at the very center of everything we do, so we were thrilled to find a like-minded organization in The Lindley Group," said Hague. "With the addition of this vibrant and growing business, the new Centerplate will bring our passion for culinary and service excellence to best-in-class clients around the world, with a continued focus on results, not rhetoric. We are excited to expand globally and look forward to providing our best-in-class clients with unmatched hospitality experiences at prestigious and iconic venues across North America and the U.K." "Achieving global scale through this merger with Centerplate is a massive win for The Lindley Group," said Elliott. "The Lindley Group will benefit from an infusion of resources and expertise while enjoying the operational freedom to bring our U.K. clients, fans and guests the food innovation and technology advances that Centerplate is pioneering at venues in America. Clients and fans will continue to see the same quality and service they know from The Lindley Group, and we are energized and excited to move forward with everyone in our current management team in place."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV