CCMP Growth Advisors Acquires Combined Caterers
CCMP Growth Advisors, LP, a well-regarded private equity firm specializing in middle-market investments, recently made headlines with its acquisition of Combined Caterers. This strategic move underscores CCMP Growth's commitment to expanding its portfolio within the growing event management and catering industry.
Leadership Continuity at Combined Caterers
The acquisition positions Justin King as Chief Executive Officer and Melissa Sutherland as Chief Financial Officer and Chief Operating Officer of Combined Caterers, maintaining leadership stability. This decision ensures that the existing management team continues to drive the company's vision, while also allowing them to be significant shareholders alongside CCMP Growth.
History and Expertise in Catering Services
Founded in 1989, Combined Caterers has built an impressive reputation for providing exceptional catering and event management services across the Southern United States. Known for its meticulous attention to detail, the company excels in hosting upscale weddings, corporate events, and charitable gatherings. Over the years, Combined Caterers has expanded significantly, establishing a strong presence in key cities, including Charlotte, Charleston, and Raleigh.
Growth Strategy and Market Entry
With a diversified portfolio, Combined Caterers operates under three renowned brands: Best Impressions Caterers, Duvall Catering & Events, and Rocky Top Catering. Recognizing changing consumer trends, the company has developed a solid marketing strategy that captures high-demand clientele seeking premium catering services. Its strategic expansion initiatives and exclusive venue partnerships position Combined Caterers firmly for ongoing growth.
CCMP Growth Advisors' Vision for the Future
The acquisition is seen as a pivotal move by CCMP Growth to capitalize on the flourishing catering and event management market. Patrick McGrath, a Managing Director at the firm, expressed his enthusiasm about the partnership, citing Combined Caterers' stellar reputation and growth potential. This collaboration aims to accelerate the company's growth trajectory, establishing it as a leading independent event management platform in the Southeast.
A Collaborative Partnership for Success
CCMP Growth’s Joe Scharfenberger highlighted the alignment of values between both organizations, emphasizing a shared vision for significant market expansion. This partnership aims to leverage CCMP Growth's extensive experience in scaling multi-site consumer businesses, enhancing the operational capabilities of Combined Caterers.
Recognition of Past Contributions
Recognizing the contributions of Falfurrias Capital Partners, who previously invested in Combined Caterers, the transition to CCMP Growth marks a significant milestone in the company’s journey. Leaders such as Marc Oken, Co-Founder and Chairman of Falfurrias Capital Partners, extended gratitude to the outstanding team at Combined Caterers, whose dedication has fostered a culture of growth and success.
A Commitment to Excellence in Catering Services
As Combined Caterers enters this new chapter with the support of CCMP Growth, it reaffirms its commitment to providing exceptional catering experiences that leave lasting impressions on clients and their guests. By enhancing service offerings and operational efficiencies, Combined Caterers is set to strengthen its market position and respond effectively to future demands.
Future Operations and Team Dedication
Moving forward, the company aims to harness the expertise and resources offered by CCMP Growth. Justin King and Melissa Sutherland have expressed pride in the successful track record of Combined Caterers and their commitment to delivering unforgettable event experiences as they navigate this new phase of growth.
About CCMP Growth Advisors, LP
CCMP Growth Advisors, LP is a private equity firm based in New York, focusing on strategic investments in middle-market companies within the Consumer and Industrial sectors. The firm's investment approach combines market insight with operational support, aimed at fostering growth in its portfolio companies.
About Combined Caterers
Combined Caterers specializes in full-service catering and event management, boasting over three decades of industry experience. With a strong foothold in the Southeast, the company continues to deliver unparalleled catering services for weddings, corporate gatherings, and social events, backed by a diverse portfolio of exclusive venues across the region.
Frequently Asked Questions
What is the significance of CCMP Growth's acquisition of Combined Caterers?
This acquisition allows CCMP Growth to expand its presence in the catering and event management sector, leveraging Combined Caterers' established brand reputation and market reach.
Who will lead Combined Caterers after the acquisition?
Justin King will continue as CEO and Melissa Sutherland as CFO and COO, ensuring continuity in leadership and strategic direction for the company.
What services does Combined Caterers offer?
Combined Caterers provides comprehensive event management and catering services for upscale weddings, corporate events, and other social gatherings, specializing in high-quality service and exceptional food.
How has Combined Caterers expanded since its founding?
The company has grown geographically, establishing significant operations in key Southern cities and expanding its brand portfolio through strategic acquisitions and partnerships.
What are CCMP Growth's investment focus areas?
CCMP Growth primarily invests in middle-market companies across the Consumer and Industrial sectors, focusing on businesses with high growth potential and significant market opportunities.
