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Compass Group North America Acquires KIMCO Corporation

CHARLOTTE, N.C., Jan. 6 /PRNewswire/ -- Compass Group North America of Charlotte, NC, announces the completion of its acquisition of Harwood Heights, Illinois-based KIMCO Corporation, a provider of support services operating mainly in the business & industry sector. Through the acquisition, KIMCO becomes a wholly owned subsidiary of Compass Group North America under Eurest Services, a division of Compass Group North America focused on delivering support services to the business & industry sector. The transaction was finalized on Wednesday, December 31, 2008.

"We are excited to be gaining such capable and experienced management talent," said Bobby Kutteh, CEO of Compass Support Services. "KIMCO enables us to deliver services to additional segments of the market, and the acquisition positions Eurest Services for continued growth."

KIMCO is comprised of 5,500 employees providing soft services, mainly janitorial, to commercial, retail and industrial customers in 37 states. The company will maintain its operational structure as it merges with Eurest Services. The acquisition will enable Eurest Services to better serve existing and future dining services customers through its expanded national presence. Crothall Services Group, the sister company of Eurest Services, will continue its focus on the healthcare sector.

"This is truly an exciting development in the evolution of the company. KIMCO and Compass Group share a commitment to quality, service, and employee development. We are now positioned to be even more valuable to our client partners in this increasingly competitive environment," said John Barrett, CEO, KIMCO Corporation.

About Eurest Services

Headquartered in Wayne, Pennsylvania, Eurest Services' goal is to be the preferred partner for support services to the world's leading organizations. Eurest Services is committed to consistently delivering superior support services in the most efficient way, for the shared benefit of its customers. To learn more about the company and its services, contact Eurest Services at or online at .

About Compass Group North America

Based in Charlotte NC, Compass Group North America is the leading foodservice and support services company with more than $9 billion in revenues in 2008. With 388,000 associates worldwide, its parent company, UK-based Compass Group PLC had revenues of euro 11 billion in the year to September 30, 2008. .

SOURCE Compass Group North America
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