Philadelphia, PA – September 27, 2023 – Corporate Advisory Solutions (“CAS”) is pleased to announce the successful transaction of Cater to You Food Service (“Cater to You” or “CTY”) by Elior North America (“Elior NA”), a prominent hospitality group. CAS acted as the exclusive sell-side M&A advisor to Cater to You in this transaction.
With a 30-plus year history in providing food service to independent schools inthe NYC area, Cater to You will be joining an exceptional group of companies within Elior NA, including Constellation Culinary Group and Abigail Kirsch. CTY’s current executive leadership – including Anthony Trentacosti (Founder and CEO) and Giuliette Trentacosti (President) – will be continuing in their roles.
“The culture of authenticity, relationship-focused approach, and the commitment to women in leadership that we found with the Elior NA team made this partnership a great fit,” said Anthony Trentacosti, founder of Cater To You. “Our team is proud to join Elior North America’s family of companies, and we’re looking forward to pursuing new growth and development opportunities for both Cater To You and our outstanding team members.”
This acquisition expands Elior NA’s presence in the coveted New York City metro area while providing Cater to You with resources to better service their existing client base.
“We’re thrilled to welcome another highly respected business to our family of companies,” said Olivier Poirot, president and CEO of Elior North America. “Cater To You is a trusted brand built on enduring relationships and exceptional service, and we look forward to helping accelerate the growth of that legacy.” Paul Kowalczyk, president of Elior North America’s Education segment, also stated “Cater to You is a perfect complement to our existing education dining portfolio which serves K-12 public schools, K-12 independent schools, and college and university campuses under the brands of K-12 by Elior, Lexington Independents, and Aladdin Campus Dining, respectively. Our shared focus on serving student-inspired, chef-crafted meals makes Cater To You a seamless fit for our team.”
Mickey Kaiser, Vice President at Corporate Advisory Solutions, highlighted CAS’s involvement in the process, stating, “It was a great pleasure to work with Anthony, Giuliette, and the Elior NA team. We feel that Elior NA is the perfect partner to continue CTY’s outstanding history of happy clients, remarkable service, and great food.”
This deal closing marks the 10th transaction that CAS has completed in 2023.
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About Corporate Advisory Solutions
Corporate Advisory Solutions (CAS) is an independent investment and merchant banking firm based in Philadelphia and Washington, D.C., specializing in M&A, valuation, and strategic advisory services for the Global Outsourced (tech-enabled) Business Services (OBS) sector. The CAS team brings over 40 years of combined M&A, valuation, exit prep, and strategic advisory experience to every engagement, and its members have successfully completed over 140 transactions representing more than $2.5 billion in deal value within these core markets. Visit our website: Corporate Advisory Solutions
CAS publishes a quarterly newsletter highlighting deal activity and macroeconomic trends within the OBS sector. Q2-2023 Newsletter
Securities conducted through Finalis Securities LLC Member FINRA/SIPC.
About Cater to You Food Service
Cater to You is a food service company providing culinary solutions to private primary and secondary education schools (Kindergarten through 12th grade) in the New York City metro area and surrounding geographies. Visit www.catertoyoufoodservice.com to learn more.
About Elior North America
Elior North America is a family of distinct hospitality companies with more than 50 years of industry experience and 16,000 team members united in our passion for food, service and excellence. We share an appetite for growth, which drives us to continually reimagine our customers’ experience. The company is part of the European contract catering firm Elior Group. Learn more at www.elior-na.com.
For acquisition inquiries, please contact:
Mickey Kaiser, Vice President, Corporate Advisory Solutions