Leading National Facility Services Platform
Leading National Facility Services Platform
Leading National Facility Services Platform
Leading National Facility Services Platform

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Leading National Facility Services Platform

MaintenanceNew York, United StatesVerified

Deal information

10,000 peopleEst. 1986Maintenance
Asking price
$748MUSD
Revenue
$498.8M
Profit
$24.9M
Multiple
30.0x

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Description

One of the largest privately held facility maintenance providers in the U.S., delivering janitorial, engineering, and specialty building services to 3,000+ clients across 32 states. Backed by a 96% client retention rate, 35+ years of uninterrupted growth, and a workforce of over 10,000 team members.

Products & services

Janitorial & Commercial Cleaning — Daily and periodic cleaning for offices, campuses, airports, healthcare facilities, and industrial spaces. Includes high-touch surface disinfection, advanced antimicrobial treatments, and eco-friendly cleaning programs.

Building Engineering & Maintenance — 24/7 engineering support for mission-critical building systems: HVAC, electrical, plumbing, and energy management. Preventive maintenance programs and emergency response for data centers, corporate campuses, and healthcare complexes.

Specialty Services — Floor care (VCT, terrazzo, marble restoration), carpet cleaning, window washing, high dusting, construction cleanup, and recycling programs.

Sports & Entertainment Venue Services — Dedicated division providing high-visibility, high-traffic facility management for stadiums, arenas, and event venues.

Aviation Facility Services — Specialized cleaning and maintenance for airports and transportation hubs, including fleet modernization and decarbonization strategies.

Revenue is generated primarily through recurring, contract-based service agreements (monthly/annual retainers) supplemented by project-based specialty work.

Customers & market

Client Base: 3,000+ active client accounts spanning commercial office buildings, education and government facilities, sports and entertainment venues, medical complexes, pharmaceutical and life sciences facilities, airports, and industrial sites.

Client Retention: 96% annual retention rate — one of the highest in the facility services industry — reflecting deep, long-term relationships and consistent service quality.

Market Position: Largest privately held facility maintenance provider in the U.S., with national reach across 32 states and local presence in every major metro market. The facility services market is estimated at $80B+ in the U.S. and continues to grow as post-pandemic cleanliness standards and ESG requirements drive demand.

Square Footage Managed: 1 billion+ sq. ft. of commercial space under active care.

Client Concentration: Diversified across sectors — no single client represents a disproportionate share of revenue. Major verticals include corporate real estate (office REITs, property managers), healthcare, education, government, and aviation.

Operations & team

Workforce: 10,000+ team members (union, non-union, and seasonal) across 32 states, making the company one of the largest employers in the facility services sector.

Leadership: Experienced C-suite in place, including a CEO, CFO, Chief Commercial Officer, and divisional Presidents for Facility Services and Sports & Entertainment. The current CEO has been in role since 2024; the prior CEO led the company through its 2021 private-equity acquisition and remains a significant equity holder.

Operations Model: Decentralized execution with centralized support — local branch managers run day-to-day operations while corporate provides technology platforms (including a proprietary real-time service tracking system), procurement, HR, and compliance. The company operates multiple regional offices with dedicated local teams.

Key Systems: Proprietary CleanTouch technology platform for real-time service tracking, quality assurance, and client reporting. Integration with Microsoft Dynamics for ERP and CIM Technologies for CAD/facilities management.

Owner Involvement: The business is currently portfolio-backed by a private equity firm (acquired October 2021). Day-to-day operations are managed by a professional executive team; the PE sponsor provides strategic and capital support for growth initiatives including acquisitions.

Growth opportunities

Acquisition Roll-Up: The facility services industry is highly fragmented. The company has already demonstrated an acquisition capability (ACP Facility Services acquisition in 2023) and is well-positioned to continue acquiring regional operators, expanding geography and service lines.

Geographic Expansion: Currently operating in 32 states — opportunities to enter remaining markets and deepen penetration in existing regions, particularly the fast-growing Sun Belt metros.

Service Line Upsell: Cross-sell engineering, specialty, and aviation services to existing janitorial-only clients. Many clients use only one service line; introducing additional offerings increases wallet share without customer acquisition cost.

Healthcare & Life Sciences: Growing demand for compliant, certified cleaning in pharmaceutical and biotech facilities. The company already serves medical complexes and has the infrastructure to scale this vertical.

ESG & Sustainability: Launch of sustainable cleaning solutions and decarbonization programs positions the business to capture corporate clients with ESG mandates — a rapidly expanding market segment.

Aviation & Transportation: Recent investments in aviation leadership and fleet modernization signal a focused growth push in airport and transit facility services, a high-barrier niche with strong recurring revenue.

Revenue and earnings by year

What the seller filed for each closed financial year, plus a trend for next year worked out from those years. The full accounts and the line-by-line detail sit behind an enquiry.

RevenueEBITDA
Financial yearRevenueEBITDA
FY2023$498,810,000$74,800,000

Valuation

The seller's own method comes first. The other tabs read the same figures a different way — only methods the seller's figures can actually answer are shown.

EBITDA multiple

Seller's method

$748,000,000

EBITDA $74.8M × 10.00

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Asking price

$748MUSD

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