Aramark Net Worth is13.502 $Billion
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Company Name: Aramark

Company Type: Private Company

Foundation: 1959 (as Automatic Retailers of America)

Location: Aramark Tower, Philadelphia, Pennsylvania, United States

Key People: Davre Davidson, Founder, Eric J. Foss, CEO

Num Employees: 250,000 (2012)

Industry: Managed Services

Products: Managed Services

Revenue: net income

Owner: CCMP Capital, Goldman Sachs Capital Partners, Thomas H. Lee Partners, Warburg Pincus, and management

Homepage: [http://www.aramark.com/ www.aramark.com]

Aramark Corporation, known commonly as Aramark, is an American foodservice, facilities, and clothing provider supplying businesses, educational institutions, sports facilities, federal and state prisons, and health care institutions. It is headquartered at the Aramark Tower in Center City, Philadelphia, Pennsylvania. Aramarka??s revenues reached 13.5 billion USD in 2012 and was listed as the 23rd largest employer on the Fortune 500.
Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson, who began providing vending services to plant employees in the aviation industry in Southern California. In 1959, Davre Davidson partnered with William Fishman to establish ARA (Automatic Retailers of America), which became publicly traded a year later in 1960.
In 1968, ARA provided services at the Mexico City Olympic Games, the first of 16 Games they have serviced, including Athens in 2004 and Beijing in 2008.
In 1969, ARA officially became ARA Services, to reflect its growing range of businesses.
In 1983, Joseph Neubauer was elected CEO of ARA Services and a year later, in 1984, Neubauer led a group of executives to fend off a hostile takeover bid by coordinating a management buyout.
ARA Services changed its name to Aramark in 1994.
In 2001, Aramark returned to the New York Stock Exchange as a public company under the RMK ticker. In 2006, a group of investors led by Neubauer proposed the acquisition of all outstanding shares of the Aramark Corporation, which was approved by shareholders. The merger was completed in 2007.
In 2004, Aramark acquired a 90% stake in the Irish catering company Campbell Catering.
On August, 29, 2011 Green Mountain Coffee Roasters sold Van Houtte USA (Filterfresh) to Aramark for $145 million.
In May 2012, Aramark announced that its Board of Directors had elected Eric J. Foss as CEO and that Joseph Neubauer would remain the company's Chairman.
Aramark provides food and facility services to thousands of cl

Aramark Net Worth, 1.5 out of 5 based on 2 ratings

Aramark Latest News

New NFL stadium food items from Aramark finally recognize Sunday brunch

PHOTOS: New foods coming to NFL stadiums across the country Chicken Biscuit (NRG Stadium): Hand-battered, corn flakes crusted chicken breast topped with a creamy, white gravy, served open faced, on a homemade jalapeno, chive and cheddar cheese infused ...
Posted: August 17, 2017, 7:35 am

Sunnycrest contract with Aramark under review

After reviewing an expense analysis, the Dubuque County Board of Supervisors delayed making a decision whether to renew a contract with Aramark for dietary and housekeeping services at Sunnycrest Manor. Sunnycrest Finance Director Emily Gosche told the ...
Posted: August 16, 2017, 12:46 am

La Crosse union claims best contract ever after tough Aramark talks

Union workers at Aramark Uniform Services in La Crosse say they have achieved their best contract ever, with 40-cent hourly wage hikes during each of the next three years, after contentious negotiations they say included intimidation of Hmong workers.
Posted: August 8, 2017, 6:00 am

Stocks Showing Improved Relative Strength: Aramark

The Relative Strength (RS) Rating for Aramark (ARMK) entered a new percentile Wednesday, as it got a lift from 64 to 71. XAutoplay: On | Off IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock ...
Posted: August 16, 2017, 11:41 am

RCSD sues Aramark Educational Services for $1M

The Rochester City School District is suing Aramark Educational Services, formerly one of its largest contractors, for $1 million, accusing the company of failing to follow through on the terms of a lucrative contract. The two sides signed a $6 million ...
Posted: August 16, 2017, 12:26 pm
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