Pursant’s IH Services Acquires A Services Group
Pursant announced today that its client, IH Services, Inc. ("IHS") a leading national provider of janitorial, security and other facility maintenance and staffing services has acquired A Services Group ("ASG"), a provider of similar services to businesses in sectors including education, distribution, industrial, commercial office, manufacturing and healthcare. ASG joins six operating companies managed by IHS that serve clients in 24 states, with more than 7000 associates.
How Pursant Helped
For this transaction, Pursant, LLC ("Pursant") acted as the sole Merger & Acquisition advisor for IH Services, Inc. After helping IHS establish an acquisition strategy, Pursant leveraged its extensive knowledge of the facility services industry and vast network to identify potential acquisition targets, ultimately singling out ASG. Pursant helped evaluate the cultural fit between the two companies, negotiated the final terms of the transaction and managed the entire deal cycle through close. This partnership freed the IHS team to focus on the daily operational and organic growth needs of the business.
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