PHILADELPHIA, Oct. 3, 2011 /PRNewswire/ -- ARAMARK, a global provider of professional services, announced today it has sold Galls, a leading provider of public safety equipment and apparel, to CI Capital Partners, a North American private investment firm. The terms of the transaction were not disclosed.
Based in Lexington, Kentucky, Galls sells a wide variety of public safety products to leading law enforcement, fire and EMS agencies, private security companies and federal agencies so they can perform at their best.
"Galls has earned its excellent reputation of providing public safety and emergency medical personnel with quality equipment and apparel and outstanding service," said Joseph Neubauer, Chairman and CEO of ARAMARK. "It has succeeded by continually anticipating the needs of customers and clients and by being dedicated to their success. This opportunity with CI Capital Partners enables Galls to pursue accelerated expansion and better positioning on which to grow and build its brand."
"We are very thrilled to complete a transaction that will provide Galls with the ability to continue its internal growth as well as pursue attractive acquisition opportunities. CI Capital has a long track record of growing distribution businesses and we are excited to build significant value at Galls," said Larry Dismukes, President of Galls.
ARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. The company is recognized as one of the "World's Most Ethical Companies" by the Ethisphere Institute, as the industry leader in FORTUNE magazine's "World's Most Admired Companies," and as one of America's Largest Private Companies by both FORTUNE and Forbes magazines. ARAMARK seeks to responsibly address issues that matter to its clients, customers, employees and communities by focusing on employee advocacy, environmental stewardship, health and wellness, and community involvement. Headquartered in Philadelphia, ARAMARK has approximately 255,000 employees serving clients in 22 countries. Learn more at www.twitter.com/aramarknews.
About CI Capital Partners
CI Capital Partners is a North American private investment firm focused on building and expanding leading middle market businesses. The firm targets industries that are ripe for consolidation and seeks to substantially scale businesses through organic growth and acquisitions. Since its founding in 1993, the firm and its portfolio companies have made over 95 acquisitions repenting over $5 billion in enterprise value. CA Capital's existing portfolio consists of companies which collectively generate annual revenue of approximately $4.0 billion, EBITDA of $350 million and have more than 14,000 employees. To learn more, please visit www.cicapllc.com
Sarah Jarvis, ARAMARK Communications
Copyright©2010 PR Newswire.
All rights reserved