Compass Group
#341
Rank
$57.18B
Marketcap
United Kingdom
Country
Mr. Gary R. Green (Group COO of North America & Exec. Director)
Mr. Dev Amritesh (Managing Director)
Summary
Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.
It serves business and industry; healthcare and senior living market; education; sports and leisure; defence, offshore, and remote sectors. Compass Group PLC was founded in 1941 and is based in Chertsey, the United Kingdom.
History
Compass Group has its origins in a company which was founded by Jack Bateman in 1941 as Factory Canteens Limited and which subsequently became known as Bateman Catering. Bateman Catering and Midland Catering were acquired by conglomerate Grand Metropolitan in 1967 and 1968 respectively and a management buy-out from Grand Metropolitan followed in 1987 when the Compass Group was formed.
Compass Group was first listed on the London Stock Exchange in 1988. Eurest, one of the company's US subsidiaries, was launched in the United States in 1996 to provide dining services to local, regional and national companies within the business and industry markets, including employee dining centres, on-site catering, vending executive dining, and other services.
Compass Group purchased Morrison Management Specialists and then merged with Granada plc as part of a planned strategy to separate the media and catering interests of the latter. The two companies demerged in February 2001 to form Compass plc and Granada Media. It had become the world's biggest catering firm by 2005. Compass Group then sold its roadside and travel catering businesses for a combined £1.82 billion in April 2006. The transaction included the sale of 43 Moto motorway service areas to Australia's Macquarie Bank for an estimated £600 million. Compass's Select Service Partners travel concessions business was sold to companies controlled by private equity firm EQT Partners, for an estimated £1.2 billion. Compass Group PLC made further acquisitions in 2009, including Kimco in the US and Plural in Germany. In June 2019, Compass Group PLC announces that it has signed an agreement with Fazer Group, an international family-owned FMCG and direct-to-consumer group, to acquire Fazer Food Services.
Compass Group's subsidiary ESS became an UN-registered food vendor in 2000 and then won contracts to supply UN peace-keepers operating in Sudan, East Timor, Liberia, Burundi, Eritrea, Lebanon, Cyprus and Syria.ESS was contracted by the U.S. Marine Corps, the 82nd Airborne Division, the British Ministry of Defence, the Coalition Provisional Authority, along with the major defence contractors Fluor, RMS, Bechtel, and most notably KBR under the U.S. Army troop support contract called LOGCAP III to provide dining and construction services at desert bases and encampments in Kuwait and Iraq from the start of operations in 2003 to 2006.
In 2011, Morrison Management Specialist was re-organised into three sectors. Then in 2013, the Czech branch of Eurest was listed as one of the "100 Best Czech Companies" 2013. The company also acquired Integrated Cleaning Management in 2013.
On 31 December 2017, the CEO of the company at the time Richard Cousins was killed in a seaplane accident at Cottage Point near the Hawkesbury River north of Sydney, Australia. The aircraft was a six-seat de Havilland Canada DHC-2 Beaver seaplane. Cousins planned to retire in 2018, with the intention that he would be succeeded as CEO by Dominic Blakemore on 1 April; the succession was brought forward to 1 January 2018. The acquisition of Unidine, which has annual revenues of around $220m and margins broadly in line with Compass North America, was completed on 31 December 2017. Unidine is one of the largest, pure-play food service providers in the rapidly growing healthcare and seniors market in the United States.
In 2020, Feedr was acquired by Compass Group for $24m. Compass Group acquired Feedr just before the COVID-19 pandemic, which allowed the company to use Feedr's online technology to support both the business and people as it was able to send free meals to those in need using Feedr's technology.
Mission
“Everyone in Compass Group is committed to consistently delivering superior service in the most efficient way, for the shared benefit of our customers, shareholders, and associates.”
Vision
“To be a world-class provider of contract food service and support services, renowned for our great people, our great service, and our great results.”
Key Team
Mr. Charles Palmer Brown (Group CFO & Director)
Ms. Alison R. Yapp (Group Gen. Counsel & Company Sec.)
Mr. Michael Young OBE (Director of Corp. Policy and Communications)
Ms. Deborah Lee (Group Chief People Officer)
Mr. Andrew Barry (Managing Director of Bus. & Industry)
Mr. Robin Mills (Regional Managing Director of UK & Ireland)
Mr. James Meaney (Regional Managing Director of Latin America)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Compass_Group
https://www.crunchbase.com/organization/compass-group-plc
https://sec.report/CIK/0001091877
https://finance.yahoo.com/quote/CPG.L/
https://www.comparably.com/companies/compass-group/mission
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.forbes.com/companies/compass-group/
https://pitchbook.com/profiles/company/10153-45
https://www.bloomberg.com/profile/company/0006982D:US
https://www.globaldata.com/company-profile/compass-group-plc/
Mr. Gary R. Green (Group COO of North America & Exec. Director)
Mr. Dev Amritesh (Managing Director)