Expanding contract caterer CH&Co has bought workplace caterer Gather & Gather and event business Creativevents from Mitie, gaining a foothold in Ireland in the process.
The deal means that CH&Co adds a raft of new clients to its business, encompassing 330 sites across the UK and bringing it business in Ireland for the first time. Its annual turnover will swell by £137m (€150m) as a result of the acquisition, as well as bringing in an additional 3,600 staff members.
As part of the acquisition, Allister Richards will continue in his role as managing director of Gather & Gather. Meanwhile, Gather & Gather will continue to provide catering services to Mitie’s Integrated Facilities Management (IFM) clients under a strategic partnership agreement.
Bill Toner, chief executive of CH&Co, said: “This acquisition is a key part of our growth strategy and represents a great opportunity for Mitie, Gather & Gather and CH&Co. We are very excited about the future growth potential for our business in our strategic partnership with Mitie – we bring scale and catering expertise; Mitie brings an extensive client list and innovation, and we both have a reputation for great customer service. The sharing of best practice will drive an even better service for our clients, and the enlarged CH&Co group creates unparalleled opportunities for growth.
Richards said: “It has been a great pleasure to build this business over the last seven years and I’m so proud that our committed team now delivers exceptional food and drink to more than 250,000 customers daily across workplaces, historic venues and large outdoor events.
“Our growth has been fuelled by a determination to do things our own way, and to serve our customers in a style that better reflects modern tastes and expectations. To do this we have focused our efforts on our wellbeing programmes, inspiring collaborations such as our Gathered Table initiative, new technologies and of course our people, without whom none of this would be possible.
“Mitie’s input and support has been fantastic throughout, and we look forward to continuing working with them closely as a strategic partner. This next step is an exciting opportunity for us to be part of a group that is dedicated to providing catering and hospitality services to its clients. In CH&Co, we have found our business a home where we can build on our success and continue to thrive in new and existing markets. We are delighted to be joining their team.”
Prior to its latest acquisitions, CH&Co had already grown to an annual turnover of £300m (€327.6m) and built a portfolio of 22 brands, following the merger between CH&Co and Host Catermasters Group in 2015. It has since streamlined many of those brands under the CH&Co banner.