POWERED BY COMPASS
Our parent company, Compass Group PLC, is a $32.2 billion organization that consistently outperforms the competition in overall growth, organic growth and client retention.
WHERE GREAT MINDS REUNITE
Compass Group North America Fast Facts
270,000
North American Associates
$20.1 BILLION
Revenue in 2019
97% LEADING INDUSTRY
Client Retention Rate
MORE THAN 11 MILLION
Meals Served Each Day
The resources of Compass Group will provide benefits both in the local marketplace and in our ability to introduce industry-changing capabilities from our sister sectors. Procurement and supply chain risk management is how we will ensure the safety of your supply chain. Our procurement sector, Foodbuy, is the largest foodservice purchasing company in the U.S., contracting with more than 600 leading manufacturers and distributors nationwide.
To help provide the data needed for the transformational questions that lie ahead, we can utilize the resources from our data scientists and process experts from E15 and Compass Digital Labs. Journey mapping and demographic studies will be essential to deciding how best to invest capital or how to adapt menus to attract future residents.
Compass Group also offers us standing as a bona fide “employer of choice.” As one of the largest global employers, Compass Group employs over 600,000 associates worldwide. That means exceptional benefits, powerful recruiting mechanisms, career opportunities and training options that none of our competitors can offer.
FOODBUY
Our procurement sector, Foodbuy, is the largest hospitality group purchasing organization in North America. With more than $20 billion in annual purchasing volume, we represent a huge opportunity for even the biggest manufacturers in the foodservice industry. Foodbuy processes more than 31.6 million monthly transactions. Our ability to analyze purchase data keeps our partners profitable. Product options lead to smart choices.
- More than $20 billion in purchasing volume
- Product-negotiated volume allowances – Lowers costs on products
- Distributor neutral – You can pick the distribution partner that meets your needs
- Monthly volume reporting – Each report outlines detailed information on volume allowance dollars and purchases
- Transparent reporting – Our web-based portal provides SKU-level pricing and volume detail and summary reporting
76.2 million
pounds liquid eggs
2.5 billion
cold beverages
108 million
pounds of turkey
1.3 billion
disposable cups
95 million
pounds of bacon
44.6 million
pounds of spices
26 millions
pounds of rice
231 million
pounds of chicken
Our Balance Sheet
As we have come into and through the pandemic crisis, our strength as an industry leader has been clearly seen in our financial position. We entered the crisis with the highest credit rating in the industry (strong investment grade credit) and the lowest debt levels.
This established a firm foundation for us to weather the crisis. And while we already had ample liquidity on hand, in May we announced an equity raise, which gave us the strongest balance sheet in our company’s history. While our competitors are burdened with heavy debt, we are able to continue to invest in our business, making strategic decisions that ensure our future success and continue to bring the best to our clients.
Our finance costs are 75% lower than our competitors, equating to hundreds of millions of dollars that we are able to invest back into the business – in clients, people, innovation, cybersecurity and more. We’re also continuing to invest in a team dedicated to change management, ensuring that the contract transition process is always seamless and successful.
While our competitors will have pressure and lack flexibility because of their debt load, Compass can be nimble and smart, as we are well-positioned to move through this crisis and continuously deliver for our clients.
- Please note, Morrison Living, an operating division of Compass Group North America, does not now and has never operated foodservice operations within any correctional facilities. In addition, our parent company, Compass Group, does not own any companies which provide dining service operations at any United States correctional facilities.
