Revolent Solutions Group Acquired Allstar Cleaning Service
Pursant Investment Banking announced that its client, Revolent Solutions Group (Revolent), a facility solutions organization providing janitorial, landscape maintenance and design, and general building maintenance to commercial, financial, educational and other facilities, has acquired Allstar Cleaning Services (ACS), a provider of janitorial services to the commercial office, manufacturing, educational, and healthcare facilities in central Florida.
For this transaction, Pursant, LLC acted as Revolent's Acquisition Strategy Management (ASM) partner, Pursant worked with Revolent to clearly define the acquisition criteria; develop a qualified pool of potential Sellers and then engage in exploratory discussions with parties to share the Revolent story and qualify companies for cultural and transactional alignment. ACS rose to the top as an excellent fit. The Pursant team went on to manage the follow-on stages of the M&A process until close.
Parties involved had this to say about the acquisition:
Bryson Ravers, President, Revolent Solutions Group
“As soon as we learned about ACS, we knew the company’s combination of location, strong reputation for quality, and their high standard for customer service were very compatible with ours. We liked that the opportunity also strengthened our presence along the space coast and more specifically Brevard County. The Pursant team was a dynamic partner throughout the whole transaction, from strategic criteria development, to sourcing and vetting candidates, and ultimately advising us on the finer points of the transaction. We look forward to working together with Drago, Robert, and their team to continue building upon the past successes of ACS.”
Drago Jazbec, Owner, Allstar Cleaning Service
“We are thrilled to be part of the Revolent Solutions family. Bryson and his entire organization have been exceptional as we worked through this acquisition together. We are excited that our customers will enjoy an even broader array of services, delivered with the same level of quality and care that our customers have become accustomed.”
Brian Steens, Managing Director, Pursant
“This transaction was a Win-Win-Win for the owners, customers and employees of Revolent Solutions Group and Allstar Cleaning Service,” said Brian Steens, Pursant Managing Director. “The owner of ACS was able to monetize the value of the company, while also providing excellent career growth opportunities for ACS employees and ensuring the same high touch level of service the customers are accustomed. Revolent has acquired a company that provides a solid customer base in a desirable geographic market, plus a talented team of professionals.” Pursant CEO, Mark Herbick, added, “These companies are a great fit as both have common cultures and values.”
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