Category Archives: Acquisition

Cerberus to Acquire Kellermeyer Bergensons Services from GI Partners

Cerberus to Acquire Kellermeyer Bergensons Services from GI Partners

NEW YORK–(BUSINESS WIRE)–Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has entered into a definitive agreement to acquire Kellermeyer Bergensons Services, LLC (“KBS” or the “Company”) from affiliates of GI Partners.

Headquartered in Oceanside, California, KBS is a leading provider of technology-enabled, integrated facility management services to customers across North America. With its differentiated technology and comprehensive suite of facility services, the Company delivers high-quality and cost-effective solutions to customers in the industrial, commercial, logistics, retail, and grocery sectors.

“This is an exciting opportunity to partner with a market-leading business supported by a tech-enabled platform,” said Robert Warden, Co-Head of Private Equity and Senior Managing Director at Cerberus. “With its full-suite of solutions and leading technological capabilities, KBS has become the partner of choice for customers in the facility services industry. We believe there are attractive opportunities ahead for the Company and look forward to working alongside Mark and the talented KBS team to further build on its success.”

Mark Minasian, Chief Executive Officer of KBS, commented, “We thank GI Partners for supporting the expansion of our business over the past five years. As we enter the next phase of our evolution, we are very excited to be partnering with Cerberus. Their global scale, deep expertise in services, and unmatched operating resources will position KBS better than ever to continue to lead commercially, creating opportunity and value for years to come. Importantly, we will remain unwavering in our focus on delivering high-quality solutions and services to our customers.”

Hoon Cho, Managing Director at GI Partners, said, “We are extremely gratified by the success of KBS during our five-year ownership and working with Mark and the KBS management team to build a leading platform serving a number of growing industries. Leveraging our experience from investments in the technology and facilities management sector, we were able to align with management to create a company with greater scale, enhanced capabilities, and immense future potential.”

Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2019.

About Cerberus

Founded in 1992, Cerberus is a global leader in alternative investing with over $40 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.

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 64,000 active customer locations in all 50 U.S. states, Canada, and Puerto Rico, KBS sets the industry standard for delivering consistently high-quality and cost-effective facility service solutions. For more information on Kellermeyer Bergensons Services, please visit www.kbs-services.com.

About GI Partners

Founded in 2001, GI Partners is a private investment firm based in San Francisco, California. The firm has raised over $18 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the Healthcare, IT Infrastructure, Services, and Software sectors. The real estate team invests across a broad range of platforms and strategies. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

Contacts
Media
Cerberus:
Torrey Leroy
Cerberus Communications
+1-646-885-3029
tleroy@cerberus.com

GI Partners:
Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
chris@tofallipr.com

KBS Announces the Acquisition of Pristine Environments

KBS Announces the Acquisition of Pristine Environments

FOR IMMEDIATE RELEASE Kellermeyer Bergensons Services, LLC Acquires Pristine Environments. Oceanside, CA, August 1, 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 its acquisition of PE Facility Solutions, LLC (“Pristine”), a provider of facility Continue Reading

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 Continue Reading

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