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ARAMARK Completes Acquisition of Facility Services Business from ServiceMaster

Published 11/29/2001

ARAMARK today announced that it has completed the acquisition of ServiceMaster Management Services, the facility services business of ServiceMaster.

'This acquisition establishes ARAMARK as a leading provider of support services and enables us to broaden our offering and extend our specialized facility services capabilities in the U.S. and internationally,' says Joseph Neubauer, Chairman and chief executive of ARAMARK. 'In doing so, we strengthen our ability to expand existing partnerships and offer a total managed services solution for our customers in the healthcare, education, and business sectors.'

The new organization, called ARAMARK ServiceMaster Facility Services, includes ARAMARK Facility Services and ServiceMaster's Management Services business.

The new business has total annual net sales of $1.2 billion--providing a complete range of services including environmental, clinical equipment maintenance, facilities management, facilities engineering, energy management, and capital program management to the healthcare, primary and secondary education, university and business customer sectors in the U.S. and Canada and with licensees in approximately 30 countries. ARAMARK ServiceMaster Facility Services employs more than 18,000 people and manages an additional 70,000 on behalf of its customers. Among its nearly 2,000 clients are Mt. Sinai Hospital in New York, University of Virginia Medical Center, Princeton University, Baylor University, Houston Independent School District, Safeco Field in Seattle, and the American Museum of Natural History in New York.

ARAMARK is a world leader in providing managed services--including food, facility and other support services, uniform and career apparel, and childcare and early education programs.