Mazzone Hospitality announced that Restaurant Associates will invest in its catering and business dining divisions.
The announcement was made by Mazzone Hospitality owner Angelo Mazzone, who said that the agreement is anticipated to take effect in July. Restaurant Associates is a subsidiary of Compass Group, The Americas Division.
According to the agreement, the expansive catering and business dining empire created by Mazzone will henceforth operate under the banner Mazzone Hospitality LLC. All jobs will remain in place and Mazzone will continue his leadership role within the organization.
The investment will provide the resources, systems and capital to enable Mazzone Hospitality LLC to expand its operations locally and regionally, and pursue opportunities with large institutions, including hospitals, universities, senior living facilities and major corporations.
The announcement follows a nearly four-decade career in the hospitality industry, beginning in 1980 when Mazzone opened Peggy’s, a small restaurant in downtown Schenectady. The business expanded in 1988 with the purchase and restoration of Glen Sanders Mansion in Scotia. Presently, the Mazzone Hospitality portfolio includes seven premier restaurants, an expansive catering division, and a robust corporate dining program.
“I’m excited to announce this partnership because Restaurant Associates shares the same core values that we do, and will provide us with the infrastructure, systems and capital to sustain and expand upon the level of growth we’ve been so fortunate to achieve. Mazzone Hospitality has always strived to provide the highest level of service with vision, passion and integrity,” said Mazzone. “We have never been satisfied with the status quo, and are always looking for ways to improve and provide the best experience possible for our guests.”