Ryan Wear has sold most of his 25-route vending and coffee business, Summit Vending in Everett, Wash., to Canteen Vending Services Inc., owned by Compass Group North America, for an undisclosed sum. Canteen has rented Wear's operating facility and merged many of its existing Everett routes into that facility, Wear said.
Wear said Canteen acquired 19 of his vending routes and one coffee service route. He said most of his 35 employees joined Canteen.
Wear has retained a small number of vending routes that include regular vending and honor box account; an equipment repair and distribution and product distribution business; and he has expanded into the vending management business. He has a total of 10 employees.
Wear operates five combined vending and honor box routes under the name, Summit Refreshments, from a new facility in Everett.
Wear operates an equipment repair and distribution and product distribution business, Vend Depot, from the same facility.
Wear has also launched a vending management business, Apex Vending Management, for which he already has several clients.