Southern California vending and foodservice provider Capital Provisions said it has completed the acquisitions of San Diego Healthy Vending and Diamond Vending. Financial terms were not disclosed.
These purchases bring the total number of completed acquisitions in San Diego by Capital to five. Last month the company acquired San Diego’s Luxury Vending.
The new assets will expand Capital’s service presence in educational facilities, auto dealerships, hotels and delivery depots.
“These acquisitions further reinforce our commitment to the San Diego marketplace as we will look to build on the progress we’ve made to date,” said Capital Provisions chief executive Woody Kassin.
“Both acquisitions deliver outstanding relationships and exciting expansion potential, and further enhance and grow our San Diego presence,” the chief executive added.
Citing the strength of the newly acquired assets, Kassin expects Capital to immediately realize improvements in profitability and customer engagement by integrating Vagabonds Vending’s management and payments technology.
Founded in 2019, Capital Provisions is a technology-focused operation with an acquisitions program targeting businesses in California, Arizona, Nevada and the Pacific Northwest.
Through its partnership with Vagabond, the company employs dynamic inventory management, product merchandising, service scheduling, truck routing and financial reconciliation.
Capital Provisions can be contacted at firstname.lastname@example.org or (562) 445-3177.