Oceanside, Calif. — Kellermeyer Bergensons Services, LLC (KBS), a leading North American provider of technology-enabled, integrated facility management services, has acquired Capital Contractors Inc., 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.
“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,” says Mark Minasian, chief executive officer and co-founder of KBS. “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.”
Adds Hoon Cho, managing director at GI Partners: “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.”
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. Based in Oceanside, Calif., the company is majority owned by GI Partners. For more information, visit www.kbs-services.com.
GI Partners is a private investment firm based in San Francisco. For more information, visit www.gipartners.com.
Founded in 1932 and headquartered in Islandia, N.Y., 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, visit www.capitalcontractors.com.
Palladium Equity Partners, LLC is a middle market private equity firm with approximately $3 billion of assets under management. For more information, visit www.palladiumequity.com.
SOURCE: Kellermeyer Bergensons Services, LLC (KBS)