KBS Acquires BRAVO! Building Services
Kellermeyer Bergensons Services, LLC ("KBS"), a partner to leading operations and facility managers across North America, recently announced the acquisition of BRAVO! Building Services and two other related companies, BRAVO! Facility Services and BRAVO! Innovative Solutions (together "BRAVO!"). KBS is a portfolio company of Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing.
Founded in 1997 and headquartered in New Jersey, BRAVO! is a leading provider of facility services to major brands in pharmaceuticals, healthcare, higher education, commercial business, and other industry verticals. Operating in 17 states and known for quality control, the company offers essential services, including commercial janitorial and healthcare environmental services, with a focus on sustainable janitorial solutions.
"BRAVO! is a recognized industry leader and we are excited to welcome their talented team to KBS," says Mark Minasian, CEO of KBS. "BRAVO! has built trusted relationships with global clients across its business and industrials end-markets. I see this partnership as truly synergistic. BRAVO! enhances our service capabilities in regulated industries and KBS brings the scale to best position them to serve their customers' needs across North America."
Karen Martinez, founder and CEO of BRAVO!, comments: "We are excited to join forces with KBS, a company that shares our deep commitment to quality and service, and provides professional growth opportunities for our employees. BRAVO! customers will benefit from enhanced resources, cutting-edge innovation, and a broader service portfolio"
The acquisition of BRAVO! follows KBS' recent acquisitions of American Maintenance and Olympus Building Services in August. Over the prior four years, KBS has acquired a total of 14 companies, consolidating its position as the nation's largest privately held facility services company. BRAVO! will operate independently as a KBS company.
Bob Warden, Global Head of Private Equity at Cerberus, added: "Organizations continue to place even greater emphasis on maintaining healthy operations for their customers and employees. KBS and BRAVO! have each become trusted partners through a shared commitment to the highest standard of performance and compliance. This combination expands their ability to deliver tailored, technology-driven solutions to industry leaders at scale."
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