Roseville's A'viands Headed For Merger

Roseville-based A’viands Food and Services Management LLC and will be merging with North Carolina-based TrustHouse Services Group, a leading healthcare and education-focused food services company.

TrustHouse announced the alliance this week with A’viands Food and its wholly-owned subsidiary Summit Food Services LLC.  

Terms of the transaction, which is set to close in August, were not disclosed

A’viands is a premier food and services provider operating in 13 states and generating more than  $90 million of annual revenue. More than 90 percent of its sales are from the education, healthcare and corrections sectors.

The combined company will rank among the top 10 U.S. food services providers with total annual revenue of more than $200 million operating in 32 states, TrustHouse officials said in a statement.

The merger will also result in the combined company being one of the leading food services providers focused primarily on the healthcare, education and corrections sectors.

“We are also excited that A’viands will expand TrustHouse’s services into the corrections market,” said TrustHouse CEO Michael Bailey.

Going forward, A’viands will continue to operate as a stand-alone division managed by current CEO Perry Rynders and his team, TrustHouse officials said.  

In a statement, Rynders said, “This is a great step for A’viands. TrustHouse provides broader access to capital and additional resources to help us drive A’viands forward.”

A’viands’ management will continue to own a significant equity stake in the combined company, said officials at TrustHouse, a portfolio company of Gryphon Investors, a San Francisco-based premier middle-market private equity firm.