Continental Acquires Northern Vending Company

Deal Expands Client Base, Offers Enhanced Services to New Customers

TROY, Mich.–(BUSINESS WIRE)–Continental, Michigan’s largest food management company, today announced it has acquired Northern Vending Company, founded in 1999, and located in Ann Arbor, Mich. As part of the acquisition, the entire Northern Vending staff will join the Continental team.

According to Steve LaPorte, president of Continental’s refreshment services group, Northern Vending expands Continental’s client base with a solid roster of loyal, long-term customers.

“We have a substantial opportunity to enhance service for these clients with innovative technologies, and fresh offerings, which will in turn grow our other service lines,” adds LaPorte. “The upside of this deal has made an immediate impact by boosting the density of our business in the western part of our market.”

This is the sixth strategic acquisition made by Continental in nearly two years, as the company works toward achieving its long-term growth and expansion objectives. Continental continues to enrich the customer experience across its entire portfolio of services with other innovations and new technologies. Continental is a portfolio company of New Heritage Capital, a Boston-based private equity firm that partners with growing, middle market, founder-owned businesses.

As Michigan’s largest food management company, Continental provides a wide range of custom dining, refreshment, and event services for more than 1,000 signature clients including small and medium-sized businesses, blue-chip corporations, colleges, universities, business and industrial sites, and hospitals and medical centers. The company’s custom-tailored services range from on-site corporate cafés, grab-and-go micro markets and traditional vending, to off-premise catering and event services. Continental’s team is passionate about creating engaging experiences with fresh, handcrafted food, helping the company rise to its #22 ranking in Food Management magazine’s annual survey of the Top 50 Contract Dining Management companies in the U.S. More details at www.ContinentalServes.com.

Contacts

For Continental:

Barbara Biess, B2 Consulting LLC

(313) 516-1894

barb@b2consulting.com

For New Heritage Capital:

Charlie Gifford

(617) 439-0688

cgifford@newheritagecapital.com