Chicago — Chicago-based restaurant tech company 86 Repairs has closed an additional $5.3 million from investors including TDF Ventures, Gordon Food Service (GFS), MATH Venture Partners, Revolution and Cleveland Avenue. The new financing brings the company’s funding in this round to $7.3 million, and total capital raised to $8.8 million to date. Disrupting the $26 billion restaurant equipment repair and maintenance (R&M) industry, 86 Repairs automates the end-to-end repair and maintenance process for restaurants and provides actionable insights to improve back-of-house operations. The end result is significant time and cost …
facilities management
Powerhouse Acquires Exterior Services Management Company DENTCO
Crowley, Texas — Powerhouse, a national construction, facilities maintenance and rollout service provider, has acquired DENTCO®, a national exterior services provider headquartered in DeWitt, Mich. The 44-year-old company offers a complete suite of all-season property management solutions addressing exterior services issues for active as well as idle facilities. This deal is Powerhouse’s second major transaction, resulting in it becoming one of the four largest national managed services companies in the exterior space. As a result of the partnership, all Powerhouse Exterior Services Management (ESM) programs will be powered by DENTCO, …
Dallas — Tango, the leader in Store Lifecycle Management (SLM) and Integrated Workplace Management System (IWMS) software solutions, has extended its partnership with Big Lots for 3 additional years. Big Lots, a national neighborhood discount retailer with 1,414 stores, is now a full lifecycle customer, utilizing all products in the Tango Retail suite including Predictive Analytics, Real Estate, Projects, Lease and Maintenance. “With the adoption of Tango Predictive Analytics, we now have a complete end-to-end solution to support our location and development strategy,” says Shannon Letts, senior vice president, real …
Chadds Ford, Pa. — RWS Facility Services (RWS), a provider of comprehensive managed facility services, has appointed Tom LaMartina to the role of vice president of facility managed services. In this role, LaMartina will be responsible for overseeing the RWS sales and service organization that provides support services to facilities in manufacturing, distribution, pharma and commercial offices in the company’s growing national footprint of facility services clients. LaMartina joins RWS after 7 years at ISS Facility Services, most recently as senior vice president for the specialized services division. He previously …
— Interview with Rose Lollino, Vice President, CLM Midwest — R&R: Where are you based and how long has the company been in business? Rose Lollino: CLM Midwest’s corporate office is located in River Grove, Illinois, a suburb of Chicago located 5 minutes from O’Hare Airport. We have been in the retail maintenance industry since 2002 and have been expanding into new territories consistently year over year. R&R: How long have you been with the company? Lollino: As the vice president, I have worn many hats since the inception …
Chicago — 86 Repairs, an innovative platform that streamlines and optimizes equipment repair and maintenance for restaurants, has closed a $2 million round of seed funding from multiple investors. The investment will be used to accelerate the company’s aggressive growth and product development, which offers collective intelligence and robust data insights previously untapped in the foodservice equipment and supply industry. “86 Repairs harnesses the power of technology to create a real and innovative solution for the restaurant industry. We’re impressed with 86’s ability to tackle R&M and other back-of-house pain …
— Interview with Josh Wilder — R&R: Where are you based and how long has the company been in business? Josh Wilder: Stratus is headquartered in Mentor, Ohio, with an HQ2 in Rolling Meadows, Illinois, and offices in New Jersey, Florida and South Carolina. Our 2019 merger combined MC Group and ICON’s shared and unique services into a single brand: Stratus. With our combined legacy, our signage roots date all the way back to 1931. R&R: How long have you been with the company? Wilder: I’ve been with the …
Newport, Ky., and Atlanta — An affiliate of Roark Capital, an Atlanta-based private equity firm, has closed on an investment in Divisions Maintenance Group. Divisions Maintenance Group is a tech-based provider of integrated facilities maintenance services for prominent retail chains, pharmacies, grocery stores, warehouses, distribution centers and REITs across more than 46,000 locations in all 50 states. Newport, Ky.-based DMG’s proprietary systems and technology connect customers with maintenance solutions to transform their facility program by managing vendors, collecting data and maximizing cost-savings. “We are delighted to partner with Roark,” says …
— By Matt Brown — Considerations for a successful return to growth for restaurants and retailers. When the COVID-19 pandemic sent everyone into their homes in March, businesses had to make fundamental changes to their operations. The restaurant industry “doubled-down” on takeout and delivery services, and essential retailers worked around the clock to clean and sanitize the store and restock in-demand items. Meanwhile, some restaurants and non-essential retailers were forced to close, hoping for the opportunity to reopen their doors sooner rather than later. Any way you slice it, when …
— By Deb Millette — Advice for facilities management teams in the midst of COVID-19. [EDITOR’S NOTE: This article originally appeared in the May 2020 issue of Retail & Restaurant Facility Business magazine.] In the face of the worldwide pandemic that is COVID-19, people and businesses alike are facing challenges that are testing both mindsets and financial stability. With very little historical data to reference and guide business owners, everyone is taking a different approach. Some businesses have been forced to shut down, others have drastically shifted operational hours, …