Pursant Helps With Emmaculate/KBS Merger
In March 2018, Emmaculate Reflections, LLC was acquired by Kellermeyer Bergensons Services, LLC (KBS), Oceanside, California. KBS is a provider of technology-enabled, integrated interior and exterior property services, and is majority owned by GI Partners.
“Our interest and ultimate investment into Emmaculate Reflections was in part based on our interest in expanding our presence into the woefully underserved large and growing chain restaurant sector,” says Mark Minasian, CEO and co-founder of KBS. “Emmaculate has codified a scalable and repeatable process for ensuring high standards day in and day out across their more than 1,000 customer locations. Their operating discipline and persistence resonated with us and combining Emmaculate’s end market expertise with our scale, IT and resources is very exciting.”
KBS acquired Emmaculate as part of their strategic focus to provide large, sophisticated operators in the growing chain restaurant sector with consistent service delivery and standards across multiple and dispersed locations and geographies.
“We couldn’t be happier to be partnering with Minasian and his team at KBS,” says Lenny Feinstein, Emmaculate Reflections co-founder. “This merger is a great moment for our business because it creates more service and geographic options for our customers and more opportunity for our people.”
Emmaculate will continue to operate with its existing management and personnel as a division of KBS.
Pursant LLC, Bannockburn, Illinois, acted as the exclusive Merger & Acquisition Advisor to Emmaculate. The Pursant team managed the entire transaction process from the initial stages of developing appropriate marketing materials to identifying the group of qualified buyers and managing a competitive bid process, to supporting the Company through diligence and ultimately negotiating final terms of the deal.
“In addition to monetizing decades of work, the Emmaculate owners have put their business in the hands of a very competent and scaled operator,” says Scott Glickson, managing director, Pursant, LLC. "This will result in greater service capabilities to the Emmaculate customer base, as well as create additional opportunities to their vendor partners and employees."
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.