Kellermeyer Building Services, L.L.C. (“Kellermeyer”) and Bergensons Property Services, Inc. (“Bergensons”) today announced that they have completed a transaction to merge operations and create Kellermeyer Bergensons Services, Inc. (“KBS”), the largest integrated retail property services firm in North America.
“We are thrilled to be joining forces with Kellermeyer, whose best-in-class systems and operating discipline, combined with the breadth and depth of Bergensons’ service offering, translates to an even more compelling customer value proposition. Combined, we bring to market best-in-class contract cleaning, exterior, and repair and maintenance services solutions offered on both a self-perform and third-party fulfill basis, which provides our customers with tremendous flexibility in the design and implementation of brand-focused, reliable and cost effective property services,” said Mark Minasian, CEO of Bergensons.
“Kellermeyer and Bergensons share common cultures of dedication to our customers and our employees. The combined strength of our leadership team is unparalleled in the industry and will drive our ability to serve and grow with our customers throughout North America. Both companies have long operating histories and each has earned a leading position in the property services industry. Together, the companies bring 70 years of combined experience, dedication and leadership. We are very excited to be entering this phase of our company’s evolution with the Bergensons team,” said Ken Sander, CEO of Kellermeyer.
“We are very pleased to continue to invest and grow in this important sector, and we are excited about the value that this combination will deliver to the market. Working with the new combined KBS, we intend to invest in the key strategic initiatives that will best address current and emerging requirements in the property services space. Global retailers are clear in their desire to engage large scale, value-adding service partners capable of aggregating multiple services to multiple locations and regions,” stated Jonathan Ward, Chairman of KBS and operating partner of Kohlberg & Company, L.L.C., which acquired Kellermeyer in December 2010 and provided additional equity capital for the Bergensons transaction.
About Kellermeyer
Kellermeyer Building Services, L.L.C. (“Kellermeyer”) is the largest self-perform cleaning company in North America focused on the retail market. The company offers its customers a complete outsourcing solution for all their cleaning requirements, including morning and nighttime services, hardwood and carpet cleaning, restroom cleaning and additional maid services. Kellermeyer has a diversified, blue-chip customer list and operates in 49 states. The company brings efficiency to the cleaning process through best-in-class labor management and technology which allows customers to realize significant hard and soft cost efficiencies. For more information, visit www.kbs-clean.com.
About Bergensons
Bergensons Property Services Inc. (“Bergensons”) is the largest provider of integrated property services to major retailers throughout the United States. Founded in 1984 and headquartered in Oceanside, CA, the company currently operates four distinct service lines; Contract Cleaning, Landscape Services, Parking Lot Services and Building Maintenance and Repairs. Bergensons’ operating model combines both self-provide and third-party fulfill delivery, depending upon customer requirements and scope, which allows flexibility to deliver a variety of cost effective, high quality professional property service solutions to retailers. For more information, visit www.bergensons.com
About Kohlberg
Kohlberg & Company, L.L.C. (”Kohlberg”) is a leading U.S. private equity firm headquartered in Mt. Kisco, New York. Since its inception in 1987, Kohlberg has completed more than 56 platform investments and more than 100 add-on acquisitions, with aggregate transaction value in excess of $8 billion. Kohlberg has invested approximately $3 billion across six private equity funds to date, including through its current $1.5 billion sixth fund, Kohlberg Investors VI. For more information, visit www.kohlberg.com.
