Five Star Breaktime Solutions Expands in Ohio with KBS Vending Acquisition
Deal News | Feb 17, 2025 | EIN
Five Star Breaktime Solutions has successfully acquired KBS Vending, LLC, aiming to fortify its market presence within the breakroom services sector in Dayton, Ohio. This strategic acquisition aligns with Five Star's continued expansion strategy in the region, helping them broaden their customer base and enhance service offerings. The acquisition also marks the retirement of Kent, the proprietor of KBS Vending, following over four decades of service in the vending industry. Positive sentiments were expressed by Five Star’s leadership on the integration and the prospects of serving new customers, thus reinforcing its commitment to maintaining high-quality service standards.
Sectors
- Vending and Office Coffee Services
- Mergers and Acquisitions
Geography
- United States – The acquisition taking place is within the U.S., specifically affecting the Ohio region's market.
- Ohio – The article focuses on the Ohio market, particularly Dayton, where Five Star Breaktime Solutions is expanding its services.
Industry
- Vending and Office Coffee Services – The article highlights the acquisition of KBS Vending by Five Star Breaktime Solutions, both operating in the vending and office coffee service market.
- Mergers and Acquisitions – The article discusses the acquisition of KBS Vending by Five Star Breaktime Solutions, marking a significant expansion in its operational territory.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Five Star Breaktime Solutions | Bidding Company/Buyer | Company | A company providing breakroom market, vending, and office coffee services, expanding its Ohio presence by acquiring KBS Vending. |
| KBS Vending, LLC | Target Company | Company | A company offering vending services that has been acquired by Five Star Breaktime Solutions. |
| Kent | Person (Previous Owner of KBS Vending) | Person | The owner of KBS Vending retiring after over 40 years in the industry. |
| Pat Barger | Director of Mergers and Acquisitions | Person | An executive at Five Star Breaktime Solutions overseeing the acquisition of KBS Vending. |
| Keith Survant | SVP of the North Region | Person | Senior Vice President at Five Star Breaktime Solutions commenting on the acquisition. |