Whitsons Acquires Glendale Senior Dining in Strategic Expansion
Deal News | Jan 28, 2025 | GenNx360 Capital Partners
GenNx360 Capital Partners, a New York-based private equity firm, has announced the acquisition of Glendale Senior Dining by Whitsons Culinary Group, a portfolio company of GenNx360. Glendale, located in Manchester, NH, offers contracted dining services in senior living and long-term care facilities across New England. This acquisition allows Whitsons to enhance its healthcare market offerings, aligning with their mission of delivering nutritious meals and maintaining high standards in food service. Whitsons intends to leverage Glendale’s established relationships and capabilities as a platform for growth in the assisted and senior living cafeteria management sector.
Sectors
- Private Equity
- Food Services
- Healthcare
Geography
- United States – Both GenNx360, headquartered in New York, and Whitsons, headquartered in Islandia, New York, operate within the US market. Glendale operates throughout New England, emphasizing the US focus.
Industry
- Private Equity – GenNx360 Capital Partners is a private equity firm specializing in middle market investments, making this industry classification relevant to the article.
- Food Services – Whitsons Culinary Group provides dining services across various sectors, and Glendale specializes in senior living dining services, positioning this transaction within the food services industry.
- Healthcare – The acquisition focuses on expanding dining services for senior living and healthcare facilities, linking it to the healthcare industry.
Financials
- Not specified – The article does not specify the financial terms of the acquisition agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GenNx360 Capital Partners | Private Equity Firm | Company | A private equity firm that invests in middle market industrial and business services companies. |
| Whitsons Culinary Group | Acquirer | Company | A leading provider of customized dining services, part of GenNx360's portfolio, acquiring Glendale Senior Dining. |
| Glendale Senior Dining, Inc. | Target Company | Company | Provides dining services for senior living and long-term care communities, recently acquired by Whitsons. |
| Paul Whitcomb | CEO of Whitsons Culinary Group | Person | CEO of Whitsons who announced the acquisition and expansion into the healthcare market. |
| James Hecker | President & COO of Glendale | Person | Spoke about the partnership's alignment with Glendale's values and the future growth of the brand. |
| Rishi Verma | Whitsons Board Chair and GenNx360 Partner | Person | Commented on the strategic benefits of acquiring Glendale for Whitsons' growth. |