Advises Invision Capital on sale to Silver Oak Services Partners
Livingstone, an international mid-market M&A and debt advisory firm, is pleased to announce the sale of Commercial Cleaning Systems (“CCS” or “The Company”), a portfolio company of Invision Capital Partners, to Silver Oak Services Partners, LLC. Terms of the transaction were not disclosed.
CCS is a leading provider of commercial janitorial services in the Western and Southwestern United States. Founded by Troy Coker in 1988, CCS has a strong reputation for consistent customer service, quality and safety. With operations in six states, CCS has grown into one of the largest independent facility services platforms and serves customers across a diverse range of industries.
“Relying on their experience and broad network in the facility services industry, the Livingstone team achieved an outstanding result for all stakeholders. With a focus on helping management teams build industry leading businesses in the service sector, we look forward to partnering and growing with Silver Oak Services Partners,” said Troy Coker, Founder and CEO of Commercial Cleaning Systems.
CCS is the most recent of several facility services transactions that Livingstone has completed in North America and Europe. Over this period, the global Livingstone team has proven its ability to achieve market-clearing transactions with some of the biggest names in facility services including the sale of IPC International to Universal Services of America, the sale of Westway Services to ABM Industries and the sale of First Choice Facilities Ltd to Tyco International.
“Given the sustainable demand and widespread fragmentation across this industry, facility services will continue to be an attractive sector for buyers,” said Joseph Greenwood, Partner at Livingstone. “We expect valuations across the industry to remain strong as platforms and strategics continue to consolidate and seek market share.”
About Invision Capital
Invision is a lower middle market private equity firm providing flexible capital to facilitate buyouts, recapitalizations and growth investments in manufacturing, distribution and service companies. Based in Chicago, Invision is comprised of a team of private equity and operational professionals with deep experience in the lower middle market.
About Silver Oak Services Partners
Founded in 2005, Silver Oak Services Partners is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. We bring extensive services industry expertise and relationships to our investments and work closely with our management teams to drive long-term value creation. Silver Oak’s principals have a long history of services private equity investing and have demonstrated an ability to navigate through varying economic and market conditions. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue.