Aramark Net Worth is13.502 $Billion
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Company Name: Aramark
Company Type: Private Company
Foundation: 1959 (as Automatic Retailers of America)
Location: Aramark Tower, Philadelphia, Pennsylvania, United States
Key People: Davre Davidson, Founder, Eric J. Foss, CEO
Num Employees: 250,000 (2012)
Industry: Managed Services
Products: Managed Services
Revenue: net income
Owner: CCMP Capital, Goldman Sachs Capital Partners, Thomas H. Lee Partners, Warburg Pincus, and management
Homepage: []
Aramark Corporation, known commonly as Aramark, is an American foodservice, facilities, and clothing provider supplying businesses, educational institutions, sports facilities, federal and state prisons, and health care institutions. It is headquartered at the Aramark Tower in Center City, Philadelphia, Pennsylvania. Aramarka??s revenues reached 13.5 billion USD in 2012 and was listed as the 23rd largest employer on the Fortune 500.
Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson, who began providing vending services to plant employees in the aviation industry in Southern California. In 1959, Davre Davidson partnered with William Fishman to establish ARA (Automatic Retailers of America), which became publicly traded a year later in 1960.
In 1968, ARA provided services at the Mexico City Olympic Games, the first of 16 Games they have serviced, including Athens in 2004 and Beijing in 2008.
In 1969, ARA officially became ARA Services, to reflect its growing range of businesses.
In 1983, Joseph Neubauer was elected CEO of ARA Services and a year later, in 1984, Neubauer led a group of executives to fend off a hostile takeover bid by coordinating a management buyout.
ARA Services changed its name to Aramark in 1994.
In 2001, Aramark returned to the New York Stock Exchange as a public company under the RMK ticker. In 2006, a group of investors led by Neubauer proposed the acquisition of all outstanding shares of the Aramark Corporation, which was approved by shareholders. The merger was completed in 2007.
In 2004, Aramark acquired a 90% stake in the Irish catering company Campbell Catering.
On August, 29, 2011 Green Mountain Coffee Roasters sold Van Houtte USA (Filterfresh) to Aramark for $145 million.
In May 2012, Aramark announced that its Board of Directors had elected Eric J. Foss as CEO and that Joseph Neubauer would remain the company's Chairman.
Aramark provides food and facility services to thousands of cl

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Aramark Latest News

Aramark - Can Lofty Earnings Expectations Be Reached?

Analysts expect 10% earnings growth in 2017, a tough hurdle for a mature business. Luckily for Aramark management, the company has a few tricks up its sleeve to help it get there. The earnings story gets a little more stiff several years out, but that is ...
Posted: September 20, 2016, 10:04 am

Josephine’s Chef Andy Little Pops Up at Titans Games

While the rest of us wait for the inevitable press release from Aramark, the food service provider to the Titans, fans at this past weekend’s game were already surprised and delighted to see chef Andy Little from Josephine working at a pop-up food stand ...
Posted: September 26, 2016, 8:51 am

Meeting to discuss new LVCVA food service contract canceled

The Las Vegas Convention and Visitors Authority board of directors has canceled plans for a special meeting to consider a multimillion-dollar food service contract that would have ousted long-time contractor Aramark Sports and Entertainment Services and ...
Posted: September 26, 2016, 8:19 pm
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