SAN FRANCISCO—Middle market private equity firm GIPartners, is acquiring Kellermeyer BergensonsServices, L.L.C. (KBS) , a provider of integratedfacilities management services to many of the largest retail andgrocery chains in North America. The seller is a group of fundsmanaged by Kohlberg & Company, L.L.C.
KBS was established in 2011 after the merger of KellermeyerBuilding Services L.L.C., which was founded in 1967, andBergensons Property Services Inc., founded in1984. The company's services include contract cleaning,porter services, parking lot maintenance, snow removal,landscaping, general repairs, as well as other trade andtechnical services. With over 11,000 direct employees and a NorthAmerican network of affiliated contractors, KBS currently servesover 300 retail and grocery customers in over 15,000customer locations in the United States, Canada, andPuerto Rico. The company is based in Oceanside,CA, and Maumee, OH.

"We are very excited to be partnering with GI and look forwardto the next phase of the company's growth and development," saidMark Minasian, chief executive officer of KBS.Minasian added, "We remain centrally focused on value creationthrough customer satisfaction first, and taking care of our peoplealways. GI shares those values and we have a common vision for thefuture of KBS."
Hoon Cho, managing director at GI Partners said,"KBS is a market leader and well-positioned for continued growth,both organically and through targeted acquisitions. We look forwardto partnering with Mark and his talented team in building on thesubstantial success that the company has achieved to date."
Amin Hariri, director at GI Partners, added,"Outsourced facilities services is a large and growing industry,and significant additional growth opportunities exist as thecompany continues to broaden its services offering. Moreover, asthe company enters complementary end markets, such as education andhealthcare, its national presence, hybrid service delivery model,differentiated field management infrastructure, and data-drivenorientation will allow KBS to continue to grow share."
GI has previous experience in the facilities management servicessector due to its investment in The Linc Group, aleading provider of infrastructure and maintenance services, whichwas acquired by ABM Industries in 2010. GI's investment in KBS willbe made from GI Partners Fund IV, a private equityfund with $2 billion of capital commitments.
"We are pleased that the actions taken under our ownership tocreate and grow KBS have resulted in positioning the business for asuccessful sale," said Seth Hollander, Partner at Kohlberg &Company. "We are confident that the company will continue on itstrajectory of success under GI Partners' ownership."
Completion of the transaction, which is subject to regulatoryapprovals and customary closing conditions, is expected in thefourth quarter of 2014.