M&A Deal Summary

Sweeping of America Acquires IPS

On May 11, 2022, Sweeping of America acquired environmental company IPS

Acquisition Highlights
  • This is Sweeping of America’s 18th transaction in the Environmental sector.
  • This is Sweeping of America’s 37th transaction in the United States.
  • This is Sweeping of America’s 3rd transaction in Indiana.

M&A Deal Summary

Date 2022-05-11
Target IPS
Sector Environmental
Buyer(s) Sweeping of America
Deal Type Add-on Acquisition

Target

IPS

Indianapolis, Indiana, United States
IPS provides sweeping services to commercial customers and property management companies throughout the region. IPS was founded in 2004 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Sweeping of America

Cleveland, Ohio, United States

Category Company
Founded 1988
Sector Environmental
DESCRIPTION

Sweeping Corporation of America is a power sweeping services company in the United States. SCA self-performs power sweeping for highways, streets, industrial and commercial applications for both private and government entities. Sweeping Corporation of America was formed in 1988 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 37 of 41
Sector (Environmental) 18 of 19
Type (Add-on Acquisition) 35 of 39
State (Indiana) 3 of 3
Country (United States) 37 of 41
Year (2022) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Statewide Construction Sweeping

Fremont, California, United States

Statewide Construction Sweeping is a construction sweeper in Northern California and provides regulatory required sweeping services for General Contractors (GCs) mainly involved in highway and road improvement projects. Statewide Construction Sweeping was founded in 1985 and is based in Fremont, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 J & M Sweeping

Middle River, Maryland, United States

J & M Sweeping is a Street Sweeping company offer specializes in Street Sweeping, Parking Lot Sweeping, and Power Sweeping. J & M Sweeping is based in Middle River, Maryland.

Buy -