April 5, 2011 |
Aramark Corp., a privately held Philadelphia food service provider and facilities manager, said Monday that it would borrow money to pay a $712 million dividend to its shareholders. The company's shareholders include private equity firms GS Capital Partners, Thomas H. Lee Partners, and Warburg Pincus L.L.C., which in aggregate own more than 60 percent of the company. In addition, longtime chief executive Joseph Neubauer owns 9.54 percent of the company, which was taken private in January 2007 for $8.3 billion, including equity and assumed debt.
April 1, 2011 |
If I were looking for an administrative assistant, I would consider hiring Bunny James. She has a pleasant telephone manner, and her resumé lists several skills: strong organizational efficiency; ability to coordinate conferences, projects, and meetings that require everything from audiovisual elements to catering; and proficiency in Microsoft Outlook, Word, Excel, and PowerPoint and Oracle. From 2006 until 2010, she worked for Aramark as an administrative supervisor of supply chain management.
March 18, 2011
Aramark Corp., Philadelphia, said today that its health-care unit bought Masterplan, a clinical technology management and medical equipment maintenance company. The purchase will expand Aramark Healthcare's business to service all levels of hospital clinical technology, from high-end imaging equipment to ordinary infusion pumps used in daily patient care. Terms of the acquisition were not disclosed, but Aramark said Masterplan, based in Goodlettsville, Tenn., has 400 employees who manage 300,000 pieces of medical equipment nationwide.
November 22, 2010 |
For a $12.6 billion company, Aramark Corp. sure is quiet about when it has a strong year. But the Philadelphia food-service provider and uniform-rental company did increase sales for its fiscal year ended Oct. 1 by 2 percent. Not bad in a year when revenue growth has eluded most major companies. Gimme Credit L.L.C. analyst Vicki Bryan wrote in a note that it was the first time in years revenue was up in all of Aramark's business segments, even its uniform and career-apparel unit, which she described as "long-struggling.
October 11, 2010
Cigna Corp., the Philadelphia insurer, said Rosanna M. Durruthy had been appointed chief diversity officer. Durruthy previously was chief executive officer and chief talent strategist of Aequus Group L.L.C., a consulting practice. Amanda S. Aronoff has been named executive director of Women's Way, a Philadelphia nonprofit group. Aronoff had been vice president of development and public relations for Project H.O.M.E. Continental Bank, Plymouth Meeting, said Joseph A. Trianosky had been named vice president, commercial real estate.
October 7, 2010
In the Region Vanguard changes its fee structure Vanguard Group, Malvern, said it was expanding access to its lowest-cost mutual fund share class for individual investors, which will bring fee reductions to nearly 2 million clients of the company. Vanguard is reducing the minimum investment amount to qualify for its Admiral share class, which charges lower investment expenses than its Investor mutual fund shares. The biggest cuts affect index funds, on which the minimum investment was cut to $10,000 from $100,000.
October 6, 2010
Aramark Corp., Philadelphia, lost a contract it had since 1992 to run the concession stands at Camden Yards, the home of the Baltimore Orioles. Aramark spokesman David Freireich would not disclose the reason the Orioles gave for deciding against renewing the company's contract for the 2011 baseball season. Aramark had 600 employees working at the ballpark. Many are expected to be picked up by whatever food-service company the Orioles select to succeed Aramark. A spokesman for the Orioles would not disclose the reason for the move.
July 27, 2010 |
Citizens Bank Park, Lincoln Financial Field and Wells Fargo Center (formerly the Wachovia Center) were cited for critical violations of health requirements at food and concession stands, according to health department inspection reports reviewed by ESPN's "Outside the Lines. " ESPN reviewed local health department reports conducted in 2009 of all 107 North American arenas and stadiums occupied by Major League Baseball, the National Basketball Association, the National Football League and the National Hockey League.
July 19, 2010
Philadelphia Futures , a nonprofit organization committed to helping Philadelphia public high school students attend college, has elected Kevin R. Boyle and Stephen Lis to its board. Boyle is a partner at Stradley, Ronon, Stevens & Young L.L.P., Philadelphia, where he is chairman of the firm's Business Department and serves on its board of directors. Lis is a partner at KPMG L.L.P., Philadelphia. The Hatboro-Horsham Educational Foundation , an independent organization partnered with the Hatboro-Horsham School District, has named the following to its board: The Philadelphia Workforce Investment Board , a volunteer commission appointed by the mayor to govern the public workforce system in the city, said Mayor Nutter had appointed the following to its board: Albert P. Black Jr. is chief operating officer of the Hospital of the University of Pennsylvania, Philadelphia.