Cerberus to buy building services provider Kellermeyer Bergensons Services
Alternative investing firm Cerberus Capital Management said that one of its affiliates has agreed to acquire Kellermeyer Bergensons Services (KBS) from affiliates of GI Partners for an undisclosed price.
Based in Oceanside, California, Kellermeyer Bergensons Services provides technology-enabled, integrated facility management services to customers in North America.
Through its differentiated technology and suite of facility services, the multi-service building services provider is said to offer high-quality and cost-effective solutions to customers in the industrial, logistics, commercial, retail, and grocery segments.
Robert Warden – Co-Head of Private Equity and Senior Managing Director at Cerberus Capital Management said: “This is an exciting opportunity to partner with a market-leading business supported by a tech-enabled platform.
“With its full-suite of solutions and leading technological capabilities, KBS has become the partner of choice for customers in the facility services industry. We believe there are attractive opportunities ahead for the Company and look forward to working alongside Mark and the talented KBS team to further build on its success.”
Some of the services offered by Kellermeyer Bergensons Services are contract cleaning, exterior services, technical services, and floor care among others.
Cerberus to acquire building services provider Kellermeyer Bergensons Services
In August 2019, the multi-service building services provider acquired Pristine Environments, which is engaged in facility management, contract cleaning, and related services. Prior to that, Kellermeyer Bergensons Services acquired Capital Contractors, another provider of contract cleaning and related facility services.
Mark Minasian – CEO of Kellermeyer Bergensons Services, said: “We thank GI Partners for supporting the expansion of our business over the past five years. As we enter the next phase of our evolution, we are very excited to be partnering with Cerberus.
“Their global scale, deep expertise in services, and unmatched operating resources will position KBS better than ever to continue to lead commercially, creating opportunity and value for years to come. Importantly, we will remain unwavering in our focus on delivering high-quality solutions and services to our customers.”
The closing of Cerberus Capital Management acquisition of Kellermeyer Bergensons Services, which is subject to customary closing conditions, is likely to occur in Q4 2019.