Compass to acquire CH&CO

Compass Group UK & Ireland has agreed to acquire independent caterer and Royal Warrant Holder, CH&CO, for an initial enterprise value of £475 million, subject to regulatory approval.

The proposed acquisition will bring together two well-known names in the industry and aims to capitalise on the great strengths of both businesses, including their passion for food, client-centred approach, strong people focused culture, and commitment to sustainability.  

CH&CO is a dynamic and successful food business in the UK and Ireland, and currently generates annual revenues of c. £450 million. The business has 10,000 employees, supporting over 900 clients across 1,000 locations including workplace catering, events, venues, visitor attractions, stadia, education, healthcare and hospitality. 

Following completion, the intention is that CH&CO’s portfolio of companies, which include Gather & Gather, Vacherin and Company of Cooks, will join Compass Group’s family of brands, resulting in a broad and exciting client proposition.    

Robin Mills, CEO, Compass Group UK & Ireland said: “I have always admired CH&CO and its real passion for food. I believe that by combining our strengths the proposed acquisition will bring a multitude of benefits to clients, customers and employees. Together we have the potential to create even more compelling and innovative solutions for our clients and customers, as well as a wider range of career opportunities for our talented people in both organisations.” 

Bill Toner, CEO, CH&CO, added: “We’re delighted that Compass wants to acquire CH&CO. The prospect of joining a leading global provider of food services offers huge potential for us and our clients. Creativity and innovation are skills that we share with Compass and food is at the heart of everything we do.

“Both businesses have strong and complementary brands, and subject to regulatory approval, there is a great opportunity for us to learn from each other and to build an even more exciting future together.”