NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- GenNx360
Capital Partners is pleased to announce Whitsons Culinary
Group's acquisition of Arbor Management, Inc. ("Arbor" or the
"Company"). Whitsons Culinary Group ("Whitsons") is a portfolio
company of GenNx360 Capital Partners ("GenNx360"), a New
York-based private equity firm investing in middle market business
services and industrial companies.
Headquartered in Islandia, New
York, Whitsons is a leading provider of customized dining
services to education, healthcare, community markets, and specialty
services nationwide. Whitsons was established in 1979 and has since
grown to become the [16th] largest food service
management company, ranking among the largest K-12 food service
operators in the United
States.
Located in Itasca, Illinois,
and founded in 1986, Arbor is a leading food service management
company that provides comprehensive value in school food services
for public K-12 school districts and higher education markets in
Illinois and Wisconsin.
"We are pleased to welcome Arbor to Whitsons' Family of
Companies and expand our services into new communities throughout
the Midwest," said Paul Whitcomb,
President & CEO of Whitsons Culinary Group. "The combined
strength of our two organizations provide a natural fit for us to
further deliver on our mission of Enhancing Life One Meal at a
Time™ together."
"At Arbor, we distinguish ourselves with innovative solutions
for today's market, bringing the value and service for which Arbor
is known," said Jack Bortko,
President of Arbor Management. "We look forward to continued growth
as part of Whitsons Culinary Group, providing personalized services
to our clients."
"Whitsons' strong leadership is once again demonstrated in the
identification of a great asset in Arbor and their management team.
We look forward to delivering great food to school children in
Illinois and Wisconsin," said Daphne Dufresne, Whitsons Board Chair and
GenNx360 Managing Partner.
About Whitsons Culinary Group
Whitsons Culinary Group
is a leading provider of customized dining services to education,
healthcare, community markets, and specialty services in the
nation. With a steadfast commitment to delivering nutritious,
high-quality meals crafted from wholesome, fresh ingredients,
Whitsons' mission is Enhancing Life One Meal at a Time™.
As a NMSDC-certified, minority-owned company, we prioritize
diversity for our team members and valued customers. Since 1979,
Whitsons has upheld a legacy of excellence and consistent growth.
Today, we are at the forefront of the foodservice industry, setting
new standards with our dedication to wholesome food, family values,
and personalized service. For more information, visit
www.whitsons.com.
About GenNx360 Capital Partners
GenNx360 Capital
Partners is a private equity firm focused on acquiring middle
market business services and industrial companies. GenNx360
partners with companies having proven and sustainable business
models in expanding industries with the objective of implementing
and supporting value-enhancing organic and inorganic initiatives to
accelerate growth, deliver cost efficiencies, and generate strong
financial returns. Target industries include industrial machinery
and components, logistics and supply chain solutions, industrial
and environmental services, food and agricultural products and
services, infrastructure equipment and services, specialty
chemicals, packaging, and aerospace and defense. GenNx360 was
founded in 2006 and is headquartered in New York City.
For more information on GenNx360 Capital Partners, please visit
www.gennx360.com.
For media inquiries about this press release, please
contact:
GenNx360 Capital Partners
Alicia Francis, Head of Investor
Communications
Email: investorrelations@gennx360.com
Tel: 929.287.6107
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SOURCE GenNx360 Capital Partners