Deal Details
sale to GI Partners
Summary
Baird served as financial advisor to Kellermeyer Bergensons Services
About
Kellermeyer Bergensons Services, LLC (“KBS” or the “Company”), a portfolio company of Kohlberg & Co., LLC (“Kohlberg”), was recently acquired by GI Manager LP (“GI Partners”). Terms of the transaction were not disclosed.KBS is a national provider of integrated facilities management services, including outsourced janitorial cleaning and other services, to some of the largest retail and grocery customers in the United States. KBS was established in 2011 after the merger of Kellermeyer, which was founded in 1967, and Bergensons, founded in 1984. The Company’s services include routine cleaning, porter services, parking lot and exterior maintenance and other ancillary services. With over 11,000 employees, KBS currently serves over 300 retail and grocery customers and operates in over 14,000 customer locations in the United States, Canada and Puerto Rico. The Company is based in Oceanside, California and Maumee, Ohio.
Kohlberg is a United States private equity firm which acquires middle market companies. Since its inception in 1987, the firm has organized seven private equity funds, through which it has raised $5.3 billion of committed capital. Kohlberg has completed 62 platform investments and 127 add-on acquisitions, with an aggregate transaction value of approximately $9 billion. The firm has been the lead investor and controlling shareholder in all of its fund investments. Kohlberg is headquartered in Mount Kisco, New York.
Founded in 2001, GI Partners is a middle market private equity investment firm. The firm manages over $11 billion in capital commitments through private equity and real estate separate account strategies for recognized institutional investors, including some of the largest state and sovereign pension funds in North America, Europe, Australia, Asia and the Middle East. GI Partners is active in a number of key sectors, including IT Infrastructure & Services, Healthcare Services, Retail & Leisure, and Financial & Real Estate Services. GI Partners is headquartered in San Francisco, California.
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- Date
- October 2014
- Company
- Kellermeyer Bergensons Services
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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