Legend Food Service has acquired Prince Frederick, MD-based Varsity Vending and Micro Markets, which will now operate under the Legend umbrella and executive management team. Financial terms of the purchase were not disclosed.
Legend Food Service has now purchased seven legacy vending companies and plans to make additional acquisitions this year, according to Legend founder and chief executive Kyle Loughran.
“We are thrilled with the progress we have made in the Metropolitan DC region this year,” Loughran reported. “The significant investment in the three companies we have acquired is resonating with our stakeholders. Our customers, employees, and investors are seeing tremendous results that are exceeding our expectations. We are providing both our business and investment thesis, and expect to expand our operations to additional markets soon.”
Varsity Vending was established in 1986 as Capital Food Service. Since its founding 35 years ago by Rob Sauls, it has evolved into a full-service workplace solutions company and was among the first operators in the National Capital Region to deploy micro markets, with an emphasis on “healthier” food, snack and drink options. As part of the Legend organization, which runs high-end commissaries that prepare fresh foods daily, Varsity is expected to enter a new period of growth in southern Maryland.
Headquartered in East Haven, CT, Legend Food Service provides vending, micro markets and catering, as well as office coffee, water, pantry and office supplies delivery services. Its operations serves markets in northern Virginia, Washington DC, Maryland and Pennsylvania, along with New York, Connecticut, Rhode Island and Massachusetts. To learn more about Legend's recent acquisitions, contact Ben Adams at [email protected].