Bailey, European Firm Elior Acquire Trusthouse

CEO Michael Bailey, company management and European contract catering firm Elior SA have acquired Trusthouse Services Group from the Gryphon Investors equity firm.

Trusthouse Services Group, a U.S. middle market foodservice management company, is being acquired by its management in partnership with European contract catering firm Elior SA from the Gryphon Investors equity firm. The acquiring partnership includes Trusthouse CEO/Founder Michael Bailey and the rest of the Trusthouse management team, as well as Elior’s shareholders. The primary shareholders are companies controlled by Elior majority owner Charterhouse Capital Partners and Elior Fou

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