Pursant Helps With BSC Merger
In February, Revolent Solutions Group, Tampa, Florida, was acquired by Service Group 360 (SG360), a Kansas City-area building service contractor.
For this transaction, Pursant, LLC, Bannockburn, Illinois, acted as the sole Merger & Acquisition Advisor for Revolent. The Pursant team took ownership of and managed the transaction process with precision, from beginning through close, freeing the owner of Revolent to focus on day-to-day operations and high growth initiatives. Pursant identified a select group of qualified buyers that stood to gain the most from acquiring Revolent, negotiated the final terms of the transaction and managed the entire deal cycle through close.
“The whole process just felt natural,” says Bryson Raver, former president at Revolent and now executive vice president of strategic development with SG360. “Pursant was a trusted partner and advisor during the entire process. Their experience and market knowledge were invaluable during the transaction allowing us to have an in depth understanding of the transaction process and most importantly to achieve our desired results.”
Established in 2009, Revolent Solutions Group is a facility solutions organization providing services across Florida as well as in Richmond, Virginia. The company provides an array of high quality services, including janitorial services, construction cleaning, secure facility cleaning, high-rise window cleaning, painting, waterproofing and caulking to Fortune 500 companies, property management companies, financial and educational institutions, and other sectors.
“A vital part of the transaction was the diligence and transactional support provided by the Pursant team,” says David Harvey, CEO of SG360. “They have a very professional approach, which allows them to quickly assess deal points and provide reasonable solutions. All this is made possible because Pursant takes the time to understand the needs of both parties and to align those needs for deal success.”
For more than 25 years, SG360 has specialized in janitorial, facilities management and restoration services, primarily serving the commercial, industrial, educational and special use sectors in Kansas, Missouri, Arkansas and Tennessee.
“It is great to see two organizations accomplish as much as these two did with this transaction,” says Brian Steffens, managing director, Pursant. “The Revolent customers will benefit from SG360’s technology advancements while still maintaining their local contacts. The Revolent employees have grown accustomed to being placed first and that will continue with the added bonus of additional career opportunities. SG360 can now offer additional services to its customers, such as high-rise window cleaning and overall building maintenance across a large geographic area.”
Disclaimer: Please note that Facebook comments are posted through Facebook and cannot be approved, edited or declined by CleanLink.com. The opinions expressed in Facebook comments do not necessarily reflect those of CleanLink.com or its staff. To find out more about Facebook commenting please read the Conversation Guidelines.