SSP expands in US with Midfield concessions acquisition

SSP Group has expanded across North America by adding 40 new units at seven airports, including four new locations, following the acquisition of the concessions business of Midfield Concession Enterprises. 

The operator of F&B outlets in travel locations, which has locations across 35 countries, will expand its presence in over 30 of the 80 largest airports in the US with its acquisition.    

The acquisition is expected to complete in late summer and will further the North American team’s strategy of developing a diverse portfolio of outlets at large, medium, and small airports. 

In total, it is expected to contribute an additional some $100m (£79.7bn) to revenues in its North America business, on an annualised basis.

Founded in 2002, MCE is an award-winning and minority-owned concessions company, operating a portfolio of brands consistent with SSP’s focus in North America on bringing local restaurants to the airport, which reflect the culinary landscape of the region. 

Patrick Coveney, CEO of SSP Group, said: “We are delighted to be expanding our presence in North America with entry into four new airports and expansion in a further three through this acquisition. 

“The Midfield business is a strong strategic fit for SSP and is highly complementary to our existing business given the makeup of the brand portfolio and its focus on enhancing the passenger experience. We look forward to welcoming the team and their clients to SSP.”

Andrea Hachem, CEO of MCE, added: “Our success would not have been possible without the dedication of our employees who shared our belief that if we welcomed passengers into our restaurants like we were welcoming them into our home, we would succeed. 

“The SSP America team has been a great partner throughout this process, and we’re pleased the two companies understand how important it is to bring a regional flavour to the airport in order to achieve a world-class passenger experience.”