Capital Provisions Acquires Luxury Vending

Capital Provisions /Luxury Vending

San Diego, CA, February 26, 2021 – Capital Provisions, a full-service vending operator based in Southern California, today announced that it has completed the acquisition of Luxury Vending. The purchase is the fourth acquisition completed by Capital Provisions in San Diego and delivers a wide-ranging portfolio of vending accounts throughout San Diego county.

“The purchase of Luxury Vending will build upon our existing presence in San Diego County. We will be able to leverage the significant headway we have made in terms of putting resources and relationships in place, utilizing key learnings to hit the ground running on Day 1” said Woody Kassin, Chief Executive Officer, Capital Provisions.

“The diversity of Luxury Vending’s business has enabled them to perform steadily during the last 12 months, despite the profound impact that Covid-19 has had on the vending and food service industries. Furthermore, a significant opportunity exists to improve the existing Luxury Vending business during 2021 and beyond. Our techniques will include implementing new and updated equipment and product merchandising upgrades, incorporating promotional opportunities, account additions, micro market conversions, and much more” Kassin added.

“I am confident that Capital Provisions is well positioned to take Luxury Vending to the next level. Their emphasis on leveraging technology-based solutions, efficient and scalable infrastructure and experienced management team will undoubtedly result in substantial growth in the years to come” said Brandon Broadwell, Owner and CEO of Luxury Vending.

About Capital Provisions

Founded in 2019, Capital Provisions is a full-service vending operator based in Southern California. Capital Provisions offers a wide selection of products and personalized service to meet its customers’ vending needs, and possesses a diverse account base across multiple industries, including manufacturing, offices, schools, parks and recreation, hospitals, retail, hotels, and many others. Capital Provisions incorporates market-proven technology with focused marketing programs and an opportunistic acquisition strategy and plans to aggressively expand throughout
California and the Western States, including Arizona, Nevada, and Washington and Oregon in the coming years.

In addition, through its partnership with Vagabond, Capital Provisions employs dynamic inventory management, product merchandising, service scheduling, truck routing, and financial reconciliation to guarantee the best service possible to our customers. Vagabond’s workplace payments application, called vīv, enables TrulyTouchless mobile pay at Capital Provisions’ vending machines and convenience markets; order-ahead and delivery at cafeterias and restaurants; and the ordering and fulfillment of office, breakroom and janitorial supplies in the workplace, ensuring the safest and highest health standards possible.

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