Author: Melody McLellan

HAUPPAUGE, N.Y., Oct. 2, 2024  — W Services Group (“W Services” or the “Company”), a market-leading provider of vendor-managed facility maintenance services to multi-site customers, and Bessemer Investors LLC (“Bessemer”), a New York-based investment firm, announced today that Bessemer has completed a significant investment in the Company. Bessemer will partner with W Services’ existing management team, including Founder and CEO Matthew Whelan, who will continue leading the Company. Financial terms of the transaction were not disclosed.

 

Founded in 2009 and headquartered in Hauppauge, NY, W Services provides cleaning, site refresh and remodel, and emergency response services to multi-site customers across North America. With industry-leading technology and a dedicated team of more than 250 employees managing a network of more than 3,000 contractor partners, the Company delivers consistent, high-quality results to a wide base of blue-chip customers across over 10,000 sites in retail, automotive, grocery, foodservice, distribution, and other multi-site end markets.

 

Andrew Mendelsohn, Managing Director at Bessemer, said, “We are thrilled to partner with Matthew and the W Services team. W Services has developed a leading platform in the facility maintenance services space, serving high-quality customers who trust W Services as a true partner, whether for recurring services or emergency needs. We look forward to supporting the Company during its next phase of growth, both through organic initiatives and strategic M&A.”

 

Mr. Whelan commented, “We are immensely proud of the business that we have built over the last 15 years and could not ask for a better partner in Bessemer. This collaboration will allow us to further invest in our business to foster growth, while Bessemer’s commitment to maintaining our culture and client-centric approach ensures that we will continue to serve our customers, employees, and business partners with the same excellence they have come to expect.”

 

Concurrent with the acquisition, Bill Hayden has been appointed as an independent member of the board at W Services. He brings over 20 years of industry experience to the position, most recently serving as Chief Executive Officer at FacilitySource, a technology and data-driven facility management business that was acquired by CBRE in 2018.

 

EC M&A served as financial advisor and Garfunkel Wild, P.C. served as legal counsel to W Services. Raymond James served as financial advisor and capital markets advisor to Bessemer Investors, while Sidley Austin LLP served as legal counsel. Brightwood Capital Advisors provided debt financing for the transaction.

 

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About W Services Group
W Services Group is a leading provider of outsourced facility services, including cleaning, site refresh and remodel, and emergency response services. The Company is headquartered in Hauppauge, NY and provides services across North America. W Services’ quality-focused employees and contract partners successfully develop, implement, and manage programs and projects for multi-site customers. For further information, please visit https://www.wservices.com.

 

About Bessemer Investors
Bessemer Investors is a New York-based investment firm focused on partnering with middle market businesses to support growth and enhance value creation. Bessemer differentiates itself by combining a long-term, flexible capital base with a team of experienced private equity professionals. This approach offers unique solutions to Bessemer’s partners and the flexibility to maximize long-term value. For further information, please visit https://www.bessemerinvestors.com.

 

Contact:

Lambert by LLYC
Joanne Lessner, jlessner@lambert.com, 212-222-7436
Caroline Luz, cluz@lambert.com, 203-570-6462

Source: W Services Group

[New York, July 24, 2024] — Facilio, a leader in the property operations & maintenance software space, today announced that it has on-boarded three new education institutions – Breck School and Purdue University Fort Wayne in the US, and Acorn Early Years in the UK – to its growing education customer/client portfolio. These institutions have chosen Facilio’s Connected CMMS suite to digitize and streamline their campus operations, gain real-time visibility, and enhance the overall student and faculty experiences.

“Maintaining a high-quality on-campus facility is crucial for increasing student enrollment and retaining staff. However, many operations and facility management (FM) teams face challenges in upholding these standards due to the limited workforce, heavy reliance on paper-based processes, and the use of outdated legacy tools for managing operations.

Facilio’s Connected CMMS unifies all campus operations and maintenance in one place, offering more than just asset and record maintenance. Its AI-driven automation and real-time insights help institutions drive service excellence from day one and help facility managers gain operational control & autonomy,” says Prabhu Ramachandran, CEO of Facilio.

With this deployment, all three institutions have transitioned from manual operations and legacy systems to a centralized cloud-based platform to gain autonomy & efficiency in campus operations. Facilio’s IoT platform equips the institutions with:

Unified Asset Management, to decrease asset downtime, gain operational control, and automate maintenance schedules, improving staff & student experiences.
Automated Compliance management, with real-time incident reporting, and proactive inspection (pre-scheduled audits) to ensure campus health, safety & reputation.
A self-serve staff portal for students & staff members to easily raise service requests, track work order progress, and provide feedback in real-time.

Mike Thorson, Director of Facilities at Breck School says, “Facilio consistently pushes the envelope in terms of innovation. Their commitment to continuous improvement and staying ahead of industry trends assured us that their Connected CMMS platform would be a future-proof choice. It offers a level of customization and flexibility that allows us to tailor the system to our specific needs, ensuring that it can evolve with our FM requirements. Besides, it’s intuitive and user-friendly, ensuring that our team can easily navigate and utilize the system to its full potential without extensive training or support.”

Ashley Tash, Director of Operations & Maintenance at Purdue University Fort Wayne says, “We needed a reliable system in place to track, manage, plan and report FM related activities all in one place, which was hard to achieve with the tool we previously used- this is what led us to partner with Facilio. We have centralized control across campus, helping our FM teams to focus on more strategic initiatives.”

“Maintaining early-education facilities located in multiple sites, with limited workforce and operational budgets can be challenging. Everything needs to run as per regulatory standards, and the highest safety and hygiene levels need to be maintained consistently. We chose Facilio – to modernize, improve, make efficient and track our operational processes. Spending is more effective as a result of the new system. One of our issues was visibility amongst our nurseries and Facilio has more than solved this whilst giving automated updates to those concerned. Compliance & inspection management is now automated, which makes audits easy to handle,” says Steve Patty, Facilities, Health & Safety Manager at Acorn Early Years, a 35-year-old Pre-School Nursery group with 17 sites in Milton Keynes, Northants and Bedford, England.

Facilio works with many leading education institutions across the world, including Royal Grammar School Dubai , and Fortes Education in Dubai, helping them to effortlessly manage campus facilities, enhance student safety and maximize technology ROI by leveraging the power of IoT.

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About Facilio
Facilio offers an enterprise-grade SaaS platform to make the built environment operationally efficient. Headquartered in New York City with offices in Dubai, Chennai, and London, Facilio is a global company backed by leading investors, including Accel India, Tiger Global Management, Dragoneer Investment Group, Brookfield Growth, and Cushman & Wakefield.

Facilio Media Contact
Lalitha Y.
+91 9600087401
press@facilio.com

[Paramus, NJ, July 11, 2024] — Leo Facilities Maintenance (“Leo FM”), a facilities maintenance service provider network backed by Orion Group (“Orion”), announced today that it has partnered with RSM Facility Solutions (“RSM”), a leading commercial facilities maintenance provider based in Paramus, NJ. As Leo FM’s tenth investment in the facilities maintenance industry, this partnership deepens and expands Leo FM’s service capabilities for multi-site commercial customers across the United States and Canada. Leo FM is building a national facilities maintenance business by partnering with exceptional, founder-owned businesses and supplying the resources needed to fuel their next chapter of growth.

Founded in 1998 by three brothers, Stephen, Rob, and Mike Sargenti, RSM is a leading service provider that delivers enterprise-wide solutions for regional & national multi-site customers as their first call, best resource, and most trusted solutions partner. RSM employs a team of dedicated customer account specialists, complemented with subject matter experts across key trades – including handyman, plumbing, electrical, and HVAC – committed to understanding and exceeding customer needs. With decades of expertise in servicing commercial facilities for national brands and an expansive breadth of service capabilities, RSM’s team prides itself on delivering the RSM Advantage and on the long-standing relationships they have built with their clients.

“RSM’s history of delivering the highest quality service possible has earned it a reputation as a leading facility solutions company,” said Will Adams, Orion Co-CEO. “This partnership will enhance the service offering we can bring to existing and new customers. Orion and the Leo FM team are proud to partner with the great team at RSM.”

“RSM is extremely enthusiastic about our new partnership with Orion,” said Stephen Sargenti. “This will give us access to additional resources, advanced technology, and broader market reach. The partnership will also enable us to enhance our services and deliver even greater value to our clients, allowing us to push the boundaries of what RSM can achieve.”

Stout served as financial advisor to RSM, and Morrison & Foerster served as legal counsel to Orion.

About Leo FM

Leo FM is a network of expert facilities maintenance companies offering an expansive range of interior and exterior services, delivered through a team of high-performance self-perform technicians and a vetted network of service partners. Key services include, but are not limited to, handyman, plumbing, electrical, HVAC, locks, doors, landscaping, snow and paving. With a team of industry veterans committed to providing excellent quality for all customers, Leo FM is the trusted single-source provider for regional and national customers throughout the U.S. and Canada. For more information, please visit www.leo-fm.com.

About RSM Facility Solutions

RSM Facility Solutions is a leading facilities maintenance company with expertise in servicing facilities across the U.S. Through a network of leading technicians and vetted service partners across the country with decades-long expertise in providing maintenance and repair solutions, RSM can resolve all facility needs.

About Orion Group

Orion Group is a commercial and industrial field services company that invests in and grows market-leading businesses. Orion is building national businesses in multiple field services sectors by investing in companies with great cultures, attracting the best technical and managerial talent, and creating unmatched growth opportunities for them. For more information, please visit www.orionservicesgroup.com. Orion is backed by Alpine Investors, a people-driven private equity firm committed to building enduring companies by working with, learning from, and developing exceptional people.

About Alpine

Alpine Investors is a people-driven private equity firm committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in the software and services industries. Alpine’s PeopleFirst strategy includes a talent program that allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine has over $17B in assets under management and has three offices in San Francisco, New York, and Salt Lake City. For more information, visit www.alpineinvestors.com.

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Contact

For business inquiries, please contact Dan Teti at dan@orionservicesgroup.com.

For media inquiries, please contact Audrey Harris at aharris@alpineinvestors.com.

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