Day: August 1, 2019

DURHAM, N.C. – Restoration + Recovery (R+R), a portfolio company of DFW Capital Partners and the leading national provider of stormwater preventative maintenance and corrective action, today announced that it has acquired the assets of DGC Environmental Services, Inc. (DGC), the leader in stormwater services in Florida with operations throughout the Southeastern United States.

The acquisition of DGC supports R+R’s announced strategy to provide comprehensive stormwater management services with broad geographic coverage. R+R currently operates in 39 states and Puerto Rico. This transaction expands R+R’s existing presence across DGC’s Southeast footprint, providing additional service delivery depth and further strengthening its best-in-class service model.

Richard Matero, CEO of R+R, said, “With this acquisition, we are joining forces with the premier stormwater management provider in Florida. DGC has taken great strides in innovative techniques that we are enthusiastic about adding to our offering. R+R, in the last 24 months, has expanded significantly throughout the United States. However, it remains very focused on broadened service provision in the most critical watershed areas in the U.S. Together, our combined company further emphasizes the group’s strategy to be THE Stormwater Management Company.”

 “I am thrilled to be partnering with R+R,” said David Clarius, CEO of DGC. “The combined entities create the most dominant provider of stormwater management services in the Southeast. We are excited to be part of a larger organization that has their vast environmental expertise and experience throughout the country. This partnership is also great for our employees as it provides significant opportunity for growth and development for all.”

DeVer Warner of DFW Capital Partners added, “The team at R+R continues to build upon its national leadership position in stormwater management, and we are looking forward to partnering with DGC in serving our customers and environment with the most comprehensive offering in the industry. DFW is excited to support R+R’s growth initiatives as the company expands its geographic presence and deepens its capabilities.”

R+R was founded in 2001 and is headquartered in Durham, N.C. Mr. Matero will lead the combined companies as CEO. Mr. Clarius will serve as an executive team member to the organization and will continue to lead the DGC operational team.

About Restoration + Recovery

R+R is a leading nationwide provider of commercial, retail, industrial and governmental post-construction stormwater management through stormwater consulting, inspection, maintenance and repair services. R+R caters to national retailers, logistics providers, engineering firms, hospitals, military and industrial facilities, real estate management companies, distribution centers, national and multi-state organizations, individual and commercial property owners, airports and universities.

About DGC Environmental Services

DGC is a full-service stormwater maintenance company with more than 25 years of experience. DGC services the residential, municipal and retail markets and operates in Florida, Alabama, Tennessee, North Carolina and South Carolina. DGC is headquartered in Fort Pierce, Fla.

Oceanside, CA, August 1, 2019 – Kellermeyer Bergensons Services, LLC (KBS), a leading North American provider of technology-enabled, integrated facility management services to the industrial, commercial, logistics, retail, and grocery sectors, today announced its acquisition of PE Facility Solutions, LLC (“Pristine”), a provider of facility management, contract cleaning and related services. KBS is a portfolio company of San Francisco-based private investment firm GI Partners. Pristine is owned by Massachusetts-based Great Elm Capital Corp.

Mark Minasian, Chief Executive Officer and Co-Founder of KBS stated, “Pristine is an outstanding asset and its integration into the KBS platform is an important step toward advancing our expansion into targeted end markets and services. We look forward to partnering with the Pristine leadership team, a group of top tier industry professionals who share our values and commitment to their people and customers. Combined with KBS, Pristine’s team and customers will benefit from our unmatched technology, world class service infrastructure and continental scale.”

Hoon Cho, Managing Director at GI Partners stated, “Pristine is the seventh acquisition the KBS team has made during our partnership together, once again demonstrating that KBS is the buyer of choice for middle market facility service firms seeking liquidity, scale or partnership opportunities. We congratulate and welcome the Pristine team to KBS and are excited about the benefits that come to both organizations through this acquisition.”

Fergus O’Connell, Pristine’s Chief Financial Officer stated “We had the opportunity to get to know Mark and the KBS team during the process and were impressed by the clarity of their direction, command of the industry drivers and their intense customer focus. We are very excited to be combining our resources with KBS.” Mr. O’Connell, formerly of ISS UK and North America, will lead the Pristine integration and serve as Executive Vice President for Business Development at KBS going forward.

Added John Ehlinger, a Managing Director at Great Elm Capital Management, the investment manager of Great Elm Capital Corp., “We are pleased to have partnered with Mr. O’Connell, Shaun Gordon, Jennifer Mintman and, the rest of the PEFS management team, to successfully monetize the largest position related to the legacy Full Circle portfolio. Utilizing our balance sheet and hands-on approach, the Great Elm team worked closely with PEFS to help grow the business and ultimately position it for sale to a well-respected operator like KBS.”

About KBS

Kellermeyer Bergensons Services, LLC (KBS) is a leading North American provider of technology-enabled, integrated facility management services to the industrial, commercial, logistics, retail, and grocery sectors. With more than 51,000 active customer locations in all 50 U.S. states, Canada, and Puerto Rico, KBS sets the industry standard for delivering consistently high quality, compliant and cost-effective facility service solutions. Based in Oceanside, Calif., the company is majority owned by GI Partners. For more information on Kellermeyer Bergensons Services, please visit www.kbs-services.com/.

About GI Partners

GI Partners is a private investment firm based in San Francisco. The firm has raised $17 billion in capital from leading institutional investors across the globe. GI Partners’ private equity team focuses on investments in the IT Infrastructure, Healthcare, Software, and Services sectors. For more information on GI Partners, please visit www.gipartners.com.

About PE Facility Services

PE Facility Services (Pristine Environments) manages, maintains and optimizes the performance of mission critical facilities for industrial, institutional corporate real estate owners in nearly 150 million square feet of specialized buildings throughout North America. From life sciences, aerospace, datacenters, oil + gas, telecom, health and wellness, and commercial real estate, our team of nearly 900 professionals keeps these industries buildings and facilities operating efficiently, sustainably and on budget. www.pristine-environments.com.

About Great Elm Capital Corp.

Great Elm Capital Corp. is an externally-managed business development company that invests in the debt instruments of middle market companies with enterprise values typically between $100 million and $2 billion and a focus on special situations and catalyst-driven opportunities. Its stock is traded on NASDAQ under the ticker symbol “GECC”. For more information on GECC, please visit www.greatelmcc.com.