Los Angeles — Highview Capital, LLC has acquired Watterson, a leading national facility services company headquartered in Schaumburg, Ill. Following the close of the acquisition, Billy Watterson, Watterson’s founder, and Steve Peldiak, Watterson’s president, will both retain significant minority stakes in the business. Additionally, Peldiak will continue to serve as Watterson’s chief executive officer.
Watterson provides a full suite of services, including facilities management, environmental services and emergency and disaster response. Over the last 20+ years, the company has built a strong base of long term corporate clients, which includes leading brands in retail and commercial workspaces. Through its network of over 1,000 in-house and third-party service providers, Watterson has established a reputation for industry-leading response times and nationwide best-in-class customer service.
“I founded Watterson with the goal of providing an unmatched service offering in the facility management space,” says Watterson. “This deal is a reflection of our team’s hard work and how far we’ve come as an established partner of choice to customers across the country. As we enter our next phase of growth, we are thrilled to partner with the Highview team.”
Adds Peldiak: “At Watterson, our vision is to anticipate and respond to our customers’ needs consistently, honestly and urgently. The Watterson team has unsurpassed experience in our industry, leading with our ethos of doing ‘Whatever it Takes’ to support our clients’ needs. Importantly, the Highview team values this commitment as much as we do and recognizes that it truly differentiates us. We are excited to join forces with a firm whose partnership will enable us to create an even stronger value proposition for our customers.”
“We are extremely impressed with the Watterson management team and their vision to further grow and scale,” says Steve Russell, senior portfolio manager of Highview Capital. “With extensive experience in the facilities management sector, our team at Highview is well-positioned to support Watterson in its next chapter. We look forward to partnering with the leadership team to invest in the business for the future, including scaling customer relationships, growing national end market and service coverage and executing on strategic acquisitions.”
Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles providing transformational equity. For more information, visit www.highviewcapital.com.
SOURCE: Highview Capital, LLC