News

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Silver Oak Services Partners Acquires Accent Food Services

Dec. 01, 2008 -Portfolio Company News

Silver Oak Services Partners, LLC announced that it has acquired the assets of Austin, Texas based Accent Food Services (“Accent”) in partnership with the company’s management.

Accent is the premier provider of vending, coffee and break room refreshment services in Central and East Texas. The company offers a high level of customer service and quality products to more than 2,000 customers, including business offices, industrial facilities and schools. Accent provides a wide variety of beverages, food and supplies to meet each customer’s break room needs. Accent operates more than 50 routes out of 4 warehouses located in Austin, San Antonio, Bryan, and Nacogdoches, Texas.

Silver Oak and management intend to leverage Accent’s strong position in its existing markets to increase the company’s growth through both organic initiatives and add-on acquisitions. The company has an excellent reputation for providing first rate customer service and a blue chip customer base. “This transaction is a great outcome for Accent and provides our company with strong financial resources and a valued partner to help us grow the business,” said Accent cofounder and Chief Executive Officer Tom Hawkins, who will retain a significant ownership stake in the new entity.

“We are very excited to partner with Tom Hawkins and the rest of Accent’s management team to build on the company’s leading position in the Texas market. We believe the company is an excellent platform for us in the break room services industry with significant growth potential,” said Greg Barr, Managing Partner of Silver Oak. Accent is actively looking for add-on investment opportunities of vending and office coffee services companies in Texas.

Please contact Greg Barr or Dave Bornhoeft of Silver Oak for additional information.

Accent is the fifth acquisition and fourth platform investment of Silver Oak Services Partners, LLC. Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with revenue between $15 million to $150 million