Aramark
 |
|
| Public | |
| Traded as | : ARMK |
| Industry | Managed services |
| Founded | 1959 (as Automatic Retailers of America) |
| Headquarters |
Aramark Tower Philadelphia, Pennsylvania, U.S. |
|
Key people
|
Davre Davidson, Founder Eric J. Foss, Chairman, President, and CEO |
| Products | Managed services |
| Revenue |
 US$ 14.415 B (2016) |
|
US$ 746.31 M (2016) |
|
|
US$ 287.81 M (2016) |
|
| Total assets |
US$ 10.582 B (2016) |
| Total equity |
US$ 2.161 B (2016) |
|
Number of employees
|
265,500 (2015) |
| Website | www.aramark.com |
Aramark Corporation, known commonly as Aramark, is an American foodservice, facilities, and uniform services provider to clients in fields including education, healthcare, business, corrections, and leisure. Its core market is North America (United States and Canada) and supplemented by an additional 19 countries, including United Kingdom, Germany, Chile, Ireland and Spain. The company is second in North American food, facilities, and uniform services based on total sales in fiscal year 2015.
The company is headquartered at the Aramark Tower in Center City, Philadelphia, Pennsylvania. Aramark's revenues totaled 14.329 billion USD in 2015, and the company was listed as the 21st largest employer on the Fortune 500. Its revenue in 2013 was $13.945 billion, and $14.832 billion in 2014.
Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson. Davidson Brothers began by providing vending services to plant employees in the aviation industry in Southern California.
In 1959, Davre Davidson partnered with William Fishman to establish ARA (Automatic Retailers of America), which became publicly traded a year later in 1960. In 1968, ARA provided services at the Mexico City Olympic Games, the first of 16 Games they have serviced, including Athens in 2004 and Beijing in 2008.
In 1969, ARA officially became ARA Services, to reflect its growing range of businesses. In 1983, Joseph Neubauer was elected CEO of ARA Services and a year later, in 1984, Neubauer led a group of executives to fend off a hostile takeover bid by coordinating a management buyout.
ARA Services changed its name to Aramark in 1994. In 2001, Aramark returned to the as a public company under the RMK ticker. In 2006, a group of investors led by Neubauer (and including CCMP Capital, Goldman Sachs Capital Partners, Thomas H. Lee Partners, and Warburg Pincus) proposed the acquisition of all outstanding shares of the Aramark Corporation, which was approved by shareholders. The merger was completed in 2007.
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