News Home / News / Avendra Announces Agreement to Acquire BuyEfficient SEPTEMBER 30, 2015 Avendra Announces Agreement to Acquire BuyEfficient September 30, 2015 – Avendra, North America’s leading procurement services provider serving the lodging and hospitality industries, announced that effective immediately it has acquired BuyEfficient, an online purchasing program dedicated to serving the hospitality industry, from its parent company, Sunstone Hotel Investors, Inc. “This acquisition reflects Avendra’s strength in the market and is another major step in our long-term strategy to grow our business by investing in new and innovative solutions and service offerings to benefit our customers,” said Wolfram Schaefer, Avendra President and Chief Executive Officer. “We are excited to serve the BuyEfficient clients and believe the combined entity provides exciting new opportunities for customers. Customers will now be able to leverage the purchasing power and service offerings of Avendra and the Ecommerce technology platform provided by BuyEfficient.” Avendra’s extensive supply chain and purchasing solutions are tailored to meet the needs of its clients. The company has always supported a wide-range of Ecommerce platforms chosen by its customers, and the acquisition of BuyEfficient provides an additional purchasing platform that can be integrated for customers interested in this technology. According to Sunstone President and Chief Executive Officer, John Arabia, the sale of BuyEfficient will allow Sunstone to focus on its core business of hotel ownership. “We believe that the combination of Avendra and BuyEfficient will create a world-class purchasing platform, and we look forward to being a customer of the new entity going forward,” Arabia said. About Avendra Formed in 2001, Avendra is North America’s leading procurement services provider serving the hospitality and lodging industries. Avendra customers gain access to contracts leveraging over $4 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis. Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results. Seven thousand hospitality businesses rely on Avendra’s procurement solutions to help meet their strategic business initiatives. The company is headquartered in Rockville, Maryland and has regional offices throughout North America. For more information, please call (866) AVENDRA, or visit www.avendra.com. Facebook Twitter LinkedIn E-Mail Previous Next IN THIS SECTION Company News Events Leadership Corporate Social Responsibility Careers Community Engagement Job Listings RECENT POSTS Best Practices to Help Improve Short-Term Challenges from MFD Supply Chain Delays September 24, 2021 Road to Recovery: Plan for 6 Major U.S. Supply Chain Impacts to Keep Your Operations on Track June 10, 2021 CURATOR HOTEL & RESORT COLLECTION PARTNERS WITH AVENDRA FOR PROCUREMENT SERVICES April 8, 2021 AAHOA Industry Partners Share Perspectives on Guest Satisfaction February 25, 2021 Top 3 Ways to Manage Food Costs During COVID February 18, 2021 ARCHIVES September 2021 June 2021 April 2021 February 2021 January 2021 December 2020 October 2020 September 2020 August 2020 May 2020 March 2020 November 2019 September 2019 June 2019 December 2018 November 2018 October 2018 September 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 September 2015 July 2015 June 2015 May 2015 April 2015 March 2015 Building a legacy of industry leadership Avendra is North America’s leading hospitality procurement services provider. Our supply chain management solutions are tailored to our clients’ business strategies and deliver benefits beyond great savings. We combine years of hospitality expertise, purchasing power, services and software to help customers impact the bottom line, improve operational performance, and better serve guests. More than 8,500 customers rely on Avendra as a trusted partner. Avendra is headquartered in Rockville, Maryland and has regional offices throughout North America. Headquarters Avendra, LLC 540 Gaither Road, Suite 200 Rockville, MD 20850 1-866-AVENDRA (283-6372) Follow Us Copyright © 2021 Avendra, LLC. Privacy Policy Terms of Use Part of Avendra Group