The acquisition of Century Vending marks Capital Provisions' first in San Diego, which the company says is an essential element of its growth strategy.
Los Angeles, CA, November 17, 2020 – Capital Provisions, a full-service vending operator based in Los Angeles, CA, today announced that it has completed the acquisition of Century Vending’s San Diego operations.
The purchase is the first acquisition completed by Capital Provisions in San Diego and delivers a diverse account base with over 300 points of sale across multiple industries throughout San Diego county.
“We are very pleased to reach today’s milestone and to welcome Century Vending’s team to the Capital Provisions family. There is a lot of important work ahead of us to deliver on the vast potential that Century’s San Diego’s Operations possess,” said Woody Kassin, Chief Executive Officer, Capital Provisions.
“We intend to integrate our cutting-edge technology through our partnership with Vagabond, utilizing their industry leading inventory management, scheduling, routing, and touchless payment solutions, while also employing dynamic product selection and focused consumer marketing to build upon the success which Century has achieved so far.”
“Having a significant presence in San Diego is an essential element of our growth strategy. We look forward to building upon our initial success with the Century acquisition by combining dynamic account expansion with an aggressive acquisition strategy to become a leading player in the years to come,” Kassin added.
About Capital Provisions
Founded in 2019, Capital Provisions is a full-service vending operator based in Los Angeles, CA. Capital Provisions offers a wide selection of products and personalized service to meet its customers’ vending needs, and possesses a diverse account base across multiple industries, including manufacturing, offices, schools, parks and recreation, hospitals, retail, hotels, and many others. Capital Provisions incorporates market-proven technology with focused marketing programs and an opportunistic acquisition strategy and plans to aggressively expand throughout California and the Western States, including Arizona, Nevada, and Washington and Oregon in the coming years.
In addition, through its partnership with Vagabond, Capital Provisions employs dynamic inventory management, product merchandising, service scheduling, truck routing, and financial reconciliation to guarantee the best service possible to our customers. Vagabond’s workplace payments application, called vīv, enables #TrulyTouchless mobile pay at Capital Provisions’ vending machines and convenience markets; order-ahead and delivery at cafeterias and restaurants; and the ordering and fulfillment of office, breakroom and janitorial supplies in the workplace, ensuring the safest and highest health standards possible.