Audax Private Equity has partnered with management to acquire Accent Food Services from Silver Oak Services Partners.
Terms of the transaction have not been disclosed.
Accent, headquartered in Austin, Texas, is a provider of customised fresh food, snacks, and refreshment services to businesses, educational institutions, and property management companies. Accent supplies customised offerings for on-site micro markets, vending machines, and coffee and refreshment services.
Geoffrey Rehnert, co-CEO of Audax, says: “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building a leading platform through organic growth and add-on acquisitions.”
Josh Rosenberg, CEO of Accent, says: “Accent is excited to be partnering with Audax for our next chapter of growth. Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”
Lincoln International served as financial adviser to Accent. Ropes & Gray served as counsel to Audax.