IG Completes Transaction in Commercial Building Maintenance Services Sector

The successful sale of a facilities maintenance company to a principal strategic buyer is a rewarding outcome of long-term client relationship

July 2024 – IG is pleased to announce the completed transaction for its client, a Commercial Building Maintenance Services provider located in Northern California.

Specializing in cleaning and maintenance of commercial properties, its customers are class A&B office complexes, medical facilities, schools, hotels and other businesses. Service segments include custodial, janitorial, window cleaning, day porter and utility repairs; the staff performing these services is union represented. The two sellers, a husband and wife team, will retire upon conclusion of the ownership transition.

The buyer is one of the largest privately-owned facility service providers in the U.S. with operating companies that often go by a different brand name.  Attaining growth organically and through acquisitions, it has more than 70 office locations and 10,000 employees nationwide.

“Our client was very conscientious in assessing the suitability of potential buyers,” said Joe Cavazos, IG’s Sr. M&A Advisor in Northern California. “With a business that was recognized in the regional commercial cleaning market as the ”Gold Standard”, the sellers required the same – or higher – level of quality and professional services in all of the buyers that IG presented to them.”

“We are pleased that we could find the ultimate buyer and support our long time client in realizing their exit goals,” said Larry Willis, President of IG. “It is a testament to patience and persistence, considering that IG began assisting this business nearly 20 years ago. Our client has worked hard to achieve steady growth while focusing on the future. The reward is the Company’s new partnership that shares its core values.”

IG represents clients from across the U.S. with offices in California, the Eastern U.S, the Midwest, Texas, Utah and Idaho. The firm works in tandem with its buy-side services division, Acquisition Partners (AP), to provide a full range of M&A services. For more information about AP visit www.acq.partners.