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FM Top 50 2015: No. 4 Delaware North
March 10, 2015
2 Min Read
Fiscal 2014 Revenues: $2,800,000,000
Delaware North (DN) consists of six operating units. The Sportservice sports and entertainment arm is the largest and most prominent, managing premium dining, catering and concessions at more than 50 stadiums, ballparks and arenas in the United States. Other units operate in airports, travel plazas, national parks, resorts and gaming establishments.
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Quick Looks
Early this year, DN reshuffled its top management as longtime CEO Jeremy Jacobs Sr., stepped aside in favor of sons Louis and Jeremy Jr., who will now serve as co-CEOs. Also, President/COO Charles Moran has announced his retirement at the end of 2015.
Earlier, the company announced a new brand identity and logo as Delaware North as it celebrates its 100th anniversary this year.
Significant initiatives over the past year included a major renovation of Boston’s TD Garden arena, which the company owns, a new contract with the National Park Service at the Grand Canyon, a new mega food court at Atlanta’s Hartsfield-Jackson Airport that includes a unit of rap star Jay Z’s 40/40 Club sports bar concept, the unveiling of the Original Farmers Market retail emporium at Los Angeles International Airport and the completion of a deal to acquire a majority interest in the Patina Restaurant Group.
GENERAL INFORMATION
Delaware North
BUFFALO
Contact Information
40 Fountain Plaza, Buffalo, N.Y. 14202
(716) 858-5000
delawarenorth.com
FINANCIAL INFORMATION
Revenues
2014: $2,800
2013: $2,500
2012: $2,300
No. of Contracts
2014: na
2013: 200
Business Mix:
Other Services (36%), Concessions (33%), Dining operations (18%), Retail/Convenience Stores (8%), Other Non-food Services (5%)
Segments Served:
Stadiums/Arenas (53%), Airports (26%), Parks/Recreation (11%), Gaming (5%), B&I (3%), Museums/Performance Arts Centers (2%)
KEY EXECUTIVES
Jeremy Jacobs Jr., Co-CEO, Delaware North
Louis Jacobs, Co-CEO, Delaware North
Charlie Jacobs, CEO, Delaware North's Boston Holdings
Charles Moran, president/COO
Michael Reinert, vice president, Supply Management Services, Delaware North
John Wentzell, president, Delaware North Sportservice
Brian Hansberry, president, Delaware North's gaming business
Rick Abramson, president, Delaware North's parks and resorts business
Kevin Kelly, president, Delaware North's travel hospitality business
Matt King, president, Patina Restaurant Group
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