Langley Compass Group acquires LSG Purchasing to extend support to hospitality sector
Leading payment and technology solutions provider, Langley Compass Group, has acquired LSG Purchasing, a membership organisation for independently owned hospitality businesses, to extend its support for the industry.
Headquartered in West Bromwich, Langley Compass Group is an award-winning provider of EPOS, payment solutions, software development and IT services to the hospitality, retail and leisure industries.
Underpinned by an expert team of 25 tech specialists, the business has accelerated growth in recent years after helping the hospitality sector integrate innovative tech and EPOS payment solutions into its operations in the wake of the COVID-19 pandemic.
With a 25-plus year pedigree, LSG Purchasing aims to help its members reduce costs, maximise profit and free up valuable time and resource by negotiating significant discounts from leading industry suppliers.
Committed to strengthening its support for the sector, Langley Compass Group has now acquired LSG Purchasing to help businesses navigate complex supplier relationships and drive growth amidst ever-evolving financial challenges.
Maintaining the same commercial model, Langley Compass Group plans to build on the positive legacy of LSG Purchasing while helping even more independent hospitality businesses navigate turbulent times through access to even more pre-vetted suppliers and wider business support.
Richard Cox, managing director of Langley Compass Group, said: “I am delighted to welcome LSG Purchasing to the Langley Compass Group. It’s no secret that the hospitality sector has experienced significant difficulty in recent years with rising tax rates and changes to business rate relief, coupled with the pressure of increased costs and complex supplier relationships. In acquiring LSG Purchasing we plan to strengthen the hospitality businesses we’ve served for four decades, while driving greater access to collective buying power and trusted suppliers to LSG’s growing membership base.
"We’re already seeing positive outcomes for members and suppliers alike and look forward to building on this in the coming months.”
Born from a long-standing family business established in 1984, Langley Compass Group has established a loyal customer base of independent businesses and household brands including Worcester Cricket Club, Holden’s Brewery and Sheldon Inns.
The LSG Purchasing network comprises more than 3,500 members and 20-plus vetted suppliers.
