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December 14, 2017updated 08 Jan 2018 7:31am

American food services company Aramark renews deal with Penn Athletics

The University of Pennsylvania has renewed its contract with American food services company Aramark to continue catering food, beverage and retail services at Penn Athletics venues.

The University of Pennsylvania has renewed its contract with American food services company Aramark to continue catering food, beverage and retail services at Penn Athletics venues.

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As part of a multi-year agreement with Penn Athletics, Aramark will also provide its services at Penn’s Franklin Field and The Palestra facilities as well as serve as the designated caterer for all on-campus athletics needs.

Both the parties will work together to expand local menu offerings and use technology to improve the diet of nearly 1,000 athletes.

In addition, Aramark will invest in the construction of a new on-site kitchen. It will also serve as the concessionaire for the Penn Relays track and field carnival, 2018 Ivy League Basketball Tournament at the Palestra and other external events hosted within Penn Athletics’ premises.

Penn Athletics director of athletics Dr M. Grace Calhoun said: “Improving the fan experience is part of our strategic priority of engagement and this renewed agreement with Aramark is a key part of making our intercollegiate events and the Penn Relays a better experience for our students, alumni and friends,”

Aramark sports and entertainment division president Carl Mittleman added: “We look forward to continuing to enhance the game-day experience for Quakers’ fans with diverse menu offerings, upgraded amenities and a brand new kitchen.”

In Pennsylvania, Aramark also provides catering services to professional sports venues, Citizens Bank Park, Lincoln Financial Field and Wells Fargo Centre.

Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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