Next Generation Vending and Food Service, Inc., a Stoughton, Massachusetts-based provider of vending services for corporate and institutional clients in the Northeastern United States, has been acquired by H.I.G. Capital.
The investment was made in partnership with the management team, led by CEO David Mac Isaac, and COO Joe Rogan, who will retain a sizeable equity stake in the company alongside H.I.G.
With operating facilities strategically located across the Northeast, Next Generation Vending provides vending, dining and refreshment solutions for thousands of corporate and institutional clients in the United States.
The company, which is currently implementing remote monitoring technology (“RMS”) to its entire fleet of vending machines and vehicles, intends to use H.I.G.’s backing and expertise to maintain its leadership position in the Northeast and to continue to grow its footprint.