Category Archives: Acquisition

KBS Announces Acquisition of Capital Contractors Inc.

KBS Announces Acquisition of Capital Contractors Inc.

FOR IMMEDIATE RELEASE

Kellermeyer Bergensons Services, LLC Acquires Capital Contractors Inc.

Oceanside, CA, April 2, 2019 – Kellermeyer Bergensons Services, LLC (KBS), a leading North American provider of technology-enabled, integrated facility management services to the industrial, commercial, logistics, retail, and grocery sectors, today announced that it has acquired Capital Contractors Inc. (Capital), a provider of contract cleaning and related facility services. KBS is a portfolio company of San Francisco-based private investment firm GI Partners. Capital previously was owned by New York-based Palladium Equity Partners, LLC (along with its affiliates, “Palladium”).

Mark Minasian, chief executive officer and co-founder of KBS, stated, “Capital Contractors has a long and successful history in the facility services industry and we’re proud to be welcoming the team to the KBS platform. Founded in 1932, Capital has shown remarkable resilience, and we look forward to leading it through its next phase of growth and value creation. The talented leadership team at Capital has refined an asset-light service delivery model that fits squarely into our platform and we’re excited about scaling it. With over 4,000 client sites primarily on the East Coast, Capital Contractors brings additional geographic density, attractive end markets and vast client relationships to KBS. Capital’s customers will benefit from our unmatched technology, world-class service infrastructure and continental scale.”

Hoon Cho, managing director at GI Partners, said, “Once again, KBS has demonstrated that it is the buyer of choice for middle market facility service firms seeking liquidity, scale or partnership opportunities. This is the sixth acquisition completed during our partnership with KBS and, in every instance, KBS has transacted with best-in-class operators in their respective service lines and end markets. We are very happy to welcome the Capital team to KBS.”

Capital Contractors President Paul McMahon stated, “We are excited about the opportunity to continue the rich history that Capital Contractors has established. By joining with KBS, the hard work and great customer relationships that Capital has maintained will be secure for generations to come. As we look forward, we also would like to thank Palladium for the close support its team has provided over the past decade.”

About KBS
Kellermeyer Bergensons Services, LLC (KBS) is a leading North American provider of technology-enabled, integrated facility management services to the industrial, commercial, logistics, retail, and grocery sectors. With more than 45,000 active customer locations in all 50 U.S. states, Canada, and Puerto Rico, KBS sets the industry standard for delivering consistently high quality, compliant and cost-effective facility service solutions. Based in Oceanside, Calif., the company is majority owned by GI Partners. For more information on Kellermeyer Bergensons Services, please visit www.kbs-services.com.

About GI Partners
GI Partners is a private investment firm based in San Francisco. The firm has raised over $17 billion in capital from leading institutional investors across the globe. GI Partners’ private equity team focuses on investments in the Healthcare, IT Infrastructure, Services, and Software sectors. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

About Capital Contractors
Founded in 1932 and headquartered in Islandia, New York, Capital Contractors Inc. is a multi-regional provider of customized contract cleaning, exterior and related services to the education, hospitality, healthcare, commercial, retail and industrial end markets. With over 4,000 client sites across multiple states, Capital is a recognized leader and one of the longest continually operating property service firms in the United States. For more information on Capital Contractors please visit www.capitalcontractors.com.

About Palladium Equity Partners, LLC
Palladium is a middle market private equity firm with approximately $3 billion of assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has made 33 platform investments and over 130 add-on acquisitions. For more information on Palladium Equity Partners, please visit www.palladiumequity.com.
# # #

Contact: Nathaniel Shaw, Chief Commercial Officer, nshaw@kbs-services.com

KBS Completes Acquisition of Emmaculate Reflections, LLC

KBS Completes Acquisition of Emmaculate Reflections, LLC

Kellermeyer Bergensons Services, LLC (KBS), a leading provider of technology-enabled, integrated interior and exterior property services to commercial, industrial, retail, grocery, and multi-site customers in North America, today announced the acquisition of Emmaculate Reflections, an independently-owned provider of contract cleaning and facility support services to major restaurant chains. Emmaculate Reflections will be an operating division Continue Reading

KBS Announces Acquisition of East Coast & National Maintenance Systems

KBS Announces Acquisition of East Coast & National Maintenance Systems

Expands KBS’s Integrated Facility Management Solutions with Exterior Services in Snow and Ice Management, Landscaping and Parking Lot Services Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to multi-region and multi-site customers in North America, today announced the acquisition of East Coast Lot and Pavement Maintenance (East Continue Reading

KBS Completes Acquisition of Empire Services

KBS Completes Acquisition of Empire Services

Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to multi-site and multi-region customers in North America, today announced it completed the acquisition of Empire Services (Empire), an independently-owned commercial facility maintenance company headquartered in New Orleans. The transaction closed on December 29, 2017. Mark Minasian, Chief Executive Continue Reading

Kellermeyer Bergensons Services Completes Acquisition of Varsity Facility Services

Kellermeyer Bergensons Services Completes Acquisition of Varsity Facility Services

Combined company leverages technology, broadens services platform and customer sectors Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to retailers, grocers, and multi-site customers in North America, announced that it has purchased Varsity Facility Services, a leading facility services provider in the United States and Canada. Varsity Continue Reading

KBS Purchases Image by J&K L.L.C.

KBS Purchases Image by J&K L.L.C.

Kellermeyer Bergensons Services, L.L.C. (“KBS”), the largest provider of technology-enabled, integrated interior and exterior property services to retailers, grocers, and multi-site customers in North America, announced that it has purchased Image by J&K L.L.C., a provider of facilities maintenance services. Image was founded in 2006 by James Land IV, with his brother and mother.  Operating Continue Reading

GI Partners Announces Completion of Kellermeyer Bergensons Acquisition

GI Partners Announces Completion of Kellermeyer Bergensons Acquisition

GI Partners (“GI”), a leading middle market private equity firm, announced that it has completed the previously announced acquisition of Kellermeyer Bergensons Services, L.L.C. (“KBS”), a leading provider of integrated facilities management services to many of the largest retail and grocery chains in North America. KBS was established in 2011 after the merger of Kellermeyer Continue Reading

GI Partners to Acquire Kellermeyer Bergensons Services

GI Partners to Acquire Kellermeyer Bergensons Services

GI Partners (“GI”), a leading middle market private equity firm, announced that it has signed a definitive agreement to acquire Kellermeyer Bergensons Services, L.L.C. (“KBS”), a leading provider of integrated facilities management services to many of the largest retail and grocery chains in North America, from funds managed by Kohlberg & Company, L.L.C. KBS was Continue Reading