Hospitality company Centerplate’s management will buy out majority owner Kohlberg & Co.
The buyout is headed by Centerplate’s chief executive, Des Hague, and will be completed in partnership with Olympus Partners. Financial terms were not disclosed.
Stamford, Conn.-based Centerplate provides hospitality services to North America’s sports stadiums, convention centers and entertainment venues.
Kohlberg & Co. is a private equity firm based in Mount Kisco, N.Y. Its portfolio companies include Nielsen Bainbridge LLC, Katy Industries Inc. and Trico Products Inc.