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  6. Powerhouse Acquires Advanced Service Solutions

M&A Deal Summary

Powerhouse Acquires Advanced Service Solutions

On January 25, 2022, Powerhouse acquired business services company Advanced Service Solutions

Acquisition Highlights
  • This is Powerhouse’s 2nd transaction in the Business Services sector.
  • This is Powerhouse’s 2nd transaction in the United States.
  • This is Powerhouse’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-01-25
Target Advanced Service Solutions
Sector Business Services
Buyer(s) Powerhouse
Deal Type Add-on Acquisition

Target

Advanced Service Solutions

Hammonton, New Jersey, United States
Advanced Service Solutions is a National Facilities Maintenance Company recognized for providing streamlined commercial maintenance solutions utilizing customized technology and on-site quality control supervision. Advanced Service Solutions was founded in 2007 and is based in Hammonton, New Jersey.

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Buyer(S) 1

Buyer

Powerhouse

Crowley, Texas, United States
Category Company
Founded 1996
Sector Business Services
DESCRIPTION

Powerhouse is a provider of high-volume, multi-site rollouts, and refreshes, as well as recurrent facilities maintenance services. Powerhouse has primarily served customers in the food service, retail, and hospitality segments and is expanding in the financial and healthcare sector. Powerhouse was founded in 1996 and is based in Crowley, Texas.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Dentco

DeWitt, Michigan, United States

Dentco is an outsourced business services provider to the retail, food service, financial, hospitality, and healthcare industries. Dentco was founded in 1977 and is based in Dewitt, Michigan.

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