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| Pennsylvaniaxl » Pennsylvania Economy » Fortune 500 Companies in Pennsylvania: Aramark |
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Fortune 500 Companies in Pennsylvania: Aramark
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Aramark Corporation is a privately owned, professional service organization that provides professional service in many fields, hospitality service, uniforms and career apparels for different business organizations around the world, food service, etc. The head-quarter of this company is in Philadelphia. Nearly 242,500 employees are working for the company throughout the world (In 20 countries).
Aramark Address:
1101 Market St.
Philadelphia,
PA 19107
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Aramark is among the leading food management service providing companies in the USA. Apart from the food management and textiles business Fortune 500 Companies in Pennsylvania: Aramark also takes care of some convention centers, hospitals, correctional facilities, parks, sports arenas, schools, colleges, etc.
This company has its own catering facility that offers food to the dorms and conferences. Even custodial service, recreational service and services for facilities management is provided by this Fortune 500 Companies in Pennsylvania: Aramark Company. The company caters to the clients in 18 countries around the world, like, Canada, Belgium, Chile, Czech Republic, Ireland, Germany, Spain, Korea, United Kingdom, Mexico, etc. In the fiscal year 2006 only, Aramark recorded revenues of $11.6 billion to $261 million. On January 26, 2007, Joseph Neubauer along with the investment funds managed by GS Capital Partners, J.P. Morgan Partners and CCMP Capital Advisors, Thomas H. Lee Partners and Warburg Pincus LLC, etc bought the Aramark Company.
Previously, Davidson and Fisherman were running their businesses on different fields, individually. Later in 1959, Davidson and Fishman merged their businesses and build the individual identity of Automatic Retailers of America or ARA. In 1960, these two mentors of ARA Public took the company to the position n where new investments wereincorporated into the business of Fortune 500 Companies in Pennsylvania: Aramark and helped in expanding the business. ARA’s annual revenue has exceeded $37 million.
The CEO of this Fortune 500 Companies in Pennsylvania: Aramark is Joseph Neubauer. The total revenue earned by the company is $11, 621 million. Aramark Company is currently at the rank of 214 among the Fortune 500 companies. The net profit of the company is $261 million and the stockholders equity is $1,521 million.
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