Business Acquisition
DENVER – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of the vending and dining assets of CL Swanson Corp of Madison, Wis. by Compass Group USA through its Canteen Vending Services division. Class VI Partners served as the exclusive financial advisor to CL Swanson. “CL Swanson has a long and rich history as a market leader in providing vending and dining services throughout the Midwest and Mid-South,” said David Tolson, Class VI Partners Managing Director.
Business Transition
“With 9,000 vending machines and dining operations in 10 states, CL Swanson was one of the largest remaining independent vending companies in the United States. We are excited for this business transition and continued success of the company as a part of Canteen Vending and Compass Group.” CL Swanson was founded in 1945 providing comprehensive vending and food service solutions with a focus on innovation and premier customer service. With branded programs and service offerings, CL Swanson Corporation is a true innovator in its industry. Deciding to sell the business was a difficult decision for Chuck Swanson, Jr. “The Class VI team helped us navigate very difficult negotiations with one of our largest competitors,” said Chuck Swanson, Jr., President and Owner of CL Swanson. “They remained diligent throughout the process to ensure that the deal crossed the finish line and protected our interests along the way.”
The acquisition does not include CL Swanson’s corrections business, which will continue to be run by the Swanson family’s third generation. Canteen Vending Services is the largest vending operating company in the United States with a branch and franchise network of over 200 locations across 48 states.
About Compass Group USA
Compass Group USA and its Canteen Vending Services Division are a part of Compass Group PLC
(CPG.L), a London Stock Exchange traded company. Compass Group PLC is a world leading food and support services company with operations in 50 countries around the world, employing over 470,000 people and serving over 4 billion meals every year. The company specializes in providing food and a range of support services across the core sectors of Business & Industry, Defense, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Chuck Swanson Jr., Owner and President of CL Swanson Corp, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Chuck Swanson Jr. may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.