M&A Deal Summary

KBS Acquires Varsity Facility Services

On August 17, 2017, KBS acquired consumer services company Varsity Facility Services

Acquisition Highlights
  • This is KBS’s 2nd transaction in the Consumer Services sector.
  • This is KBS’s 2nd transaction in the United States.
  • This is KBS’s 1st transaction in Utah.

M&A Deal Summary

Date 2017-08-17
Target Varsity Facility Services
Sector Consumer Services
Buyer(s) KBS
Deal Type Add-on Acquisition

Target

Varsity Facility Services

Salt Lake City, Utah, United States
Varsity Facility Services is a provider of janitorial, maintenance, and construction services spanning the United States and Canada. Varsity Facility Services was established in 1957 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

KBS

Oceanside, California, United States

Category Company
Founded 1967
Sector Business Services
DESCRIPTION

KBS is a 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 founded in 1967 and is based in Oceanside, California.


DEAL STATS #
Overall 2 of 14
Sector: Consumer Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 2 of 14
State: Utah M&A 1 of 1
Country: United States M&A 2 of 14
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Image by J&K

Baltimore, Maryland, United States

Image by J&K L.L.C. is a provider of customized contract cleaning, exterior, and related services primarily to drug, grocery and specialty chains, delivering differentiated service and value propositions. Image by J&K L.L.C. was established in 2006 and is based in Baltimore, Maryland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Empire Services

New Orleans, Louisiana, United States

Empire Services is a commercial facility maintenance company has grown over the last 20+ years to become one of the leading facility services organizations in the Southeast. Through more than 1,100 carefully-selected and trained staff, Empire Services delivers a full range of quality facility services in packages specially designed and customized for each of our more than 500 customers. As a company with a local presence, Empire Services believes that we have a corporate responsibility to support the communities in which our customers do business. Company headquartered in New Orleans, Louisiana, with branch offices in Baton Rouge, Louisiana, Monroe, Louisiana, Austin, Texas, and Metairie, Louisiana. Empire Services.

Buy -