FMS Solutions, a leading business process outsourcing provider, has expanded into the restaurant accounting sector by acquiring Merchants Accounting Services (MAS) and AMP Services.
MAS and AMP are recognized for their accounting and consulting services, specifically tailored to multi-site restaurants and hospitality clients. This strategic move marks FMS’s fourth and fifth acquisitions since partnering with New Heritage Capital, enabling the company to enhance its service offerings and enter a new market.
The acquisition supports FMS’s growth strategy by enabling it to leverage its experience in technology-enabled and SaaS-based solutions for restaurant companies. The leadership teams from MAS and AMP are excited about the partnership, which will enable them to grow and deliver personalized service to their clients.
This expansion builds on FMS’s existing work with independent grocers and multi-site retailers. By integrating FMS’s expertise with MAS and AMP’s specialized knowledge, the company aims to become a leading player in restaurant accounting, diversify its portfolio, and strengthen its market position.
KEY QUOTES:
“We are thrilled to be partnering with the MAS and AMP teams. These acquisitions allow us to continue to offer our complete suite of tech-enabled and SaaS-based solutions to an exciting new end market where we think our customer-forward, tech-enabled approach can help solve some of the business needs that restaurant companies face daily. MAS and AMP have provided excellent service to their restaurant customers for many years, and we are excited to expand the awareness of these great service providers and build upon that reputation.”
Bob Graybill, CEO of FMS
“The leadership groups at MAS and AMP are excited to announce the partnership with FMS. With FMS’ reach and resources, we look forward to continuing to grow our businesses and offering an even more personalized service to our restaurant customers.”
Ashley Campbell, COO of AMP and the new Head of FMS Restaurants
“Entering into new market verticals is an exciting next step in the evolution of FMS and, alongside our existing offerings to multi-site retailers and independent grocery stores, will allow us to continue our growth trajectory. I’m really looking forward to seeing what these teams can do together.”
Melissa Barry, a Partner at New Heritage Capital
