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 Building Services L.L.C., which was founded in 1967, and Bergensons Property Services Inc., founded in 1984. The company’s services include contract cleaning, porter services, parking lot maintenance, snow removal, landscaping, general repairs, as well as other trade and technical services. With over 11,000 direct employees and a North American network of affiliated contractors, KBS currently serves over 300 retail and grocery customers in over 15,000 customer locations in the United States, Canada, and Puerto Rico. The company is based in Oceanside, California and Maumee, Ohio.

GI has previous experience in the facilities management services sector due to its investment in The Linc Group, a leading provider of infrastructure and maintenance services, which was acquired by ABM Industries in 2010. GI’s investment in KBS will be made from GI Partners Fund IV, a private equity fund with $2 billion of capital commitments.

Robert W Baird & Co. acted as financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel for KBS. Paul Hastings LLP served as legal counsel for GI Partners. Financing for the transaction is being provided by affiliates of BNP Paribas Securities Corp. and CIT Finance LLC.”

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