Compass Group, The Americas Division is the leader in contract foodservice and hospitality. By combining fresh ideas with the industry’s greatest talent, we continue to set the standards for food and service excellence.
We are a $7.7 billion organization with more than 160,000 associates throughout the US, Latin America and Canada. Our parent company is UK-based Compass Group PLC, a $23.5 billion foodservice company with over 400,000 associates throughout 90 countries worldwide. In 2005, Compass Group PLC was named the world’s 12th largest employer by Fortune magazine.
Restaurateurs Nick Valenti and Joachim Splichal Purchase New York Restaurants and Patina Group
NEW YORK (May 1st, 2006) - Restaurant Associates/Patina Group (CEO) Nick Valenti and Patina Group Founder, Joachim Splichal, announced today that they are buying the Patina Group and the restaurants of Restaurant Associates from current owner Compass Group and forming a new, as yet unnamed, entity. Compass will remain an investor in the new entity and continue to own and operate the Managed Services and the Sports & Events Divisions of Restaurant Associates.
Tom Ondrof, Compass Group Americas Division Chief Financial Officer said “This transaction is consistent with our strategy to focus on our core business.”
As part of the acquisition, Valenti announced that Shidax Corporation of Tokyo Japan will become an investor.
Nick Valenti, the New York restaurant legend who will remain CEO, sees this as the obvious next step in the evolution of the company.
“Joachim and I have proven success record,” said Valenti. “We will continue expanding on the vision, that brought us together in 1999; growing our existing businesses while continuing to develop new experiences for our guests in New York, Los Angeles and beyond.”
Master Chef Joachim Splichal concurred. “Nick and I are obsessed with quality. Whether a guest is dining at one of our acclaimed restaurants like Patina in Los Angeles, The Sea Grill in New York, or one of our Market Cafés, we always need to ensure that our chefs and restaurant managers have all the resources needed to provide our guests with memorable and tasteful experiences.”
For Shidax Corporation, the deal represents their continued interest in the U.S. market. “We are very excited about this investment,” said Ken Shida, CEO. “Nick and Joachim have assembled a superior management team and their future plans directly contribute to Shidax’s mission of growing high quality restaurants and retail foodservice
Vision & Values:
Our mission is simple. We are about three things: Great People delivering Great Service achieving Great Results.
Our strategy for delivering Great People is to become the Preferred Employer. The way we deliver Great Service is through Operational Excellence and Customer and Client Satisfaction. All of this leads to Great Results that improves our Financial Performance and enhances our Market Leadership.
Our values signify the heart of our organization. We strive to always conduct our business with our values in mind, regardless of who we are and where we are in the world. In doing so, we believe we will truly move Compass Group from Good to Great. We measure the progress of our strategy through our balanced scorecard.
Win through teamwork
Passion for quality
At Compass Group, our people are as important and exceptional as the food and service we provide. You can see it in the way our associates conduct themselves, personally and professionally. At Compass Group, The Americas Division, each of our 160,000 associates has a passion for quality and a can-do attitude. With pride, integrity, and humor, we strive as a team to make an impact – on our customers and clients, and on each other. Because we share goals, we also share successes
Compass Group is a diversity-growth-oriented company. Our goal is to improve the quality of work life by using fair and consistent treatment and providing equal growth opportunities for ALL associates.
Diversity is a global value for Compass Group and is key to innovation, providing new insights into our business and allowing us to create new opportunities for serving our markets. Diversity is also critically important because our associates are very diverse in backgrounds, viewpoints and styles and deserve every opportunity to contribute while maintaining a positive work environment.
Our holistic diversity strategy is a roadmap that will direct us toward diversity maturity. To be a diversity mature organization we must attract Great People from a variety of backgrounds, provide support and development that will allow them to fulfill their potential, continually educate our Associates so that we can create and maintain a positive work environment, while leveraging diversity to improve our bottom line.