Vonachen Group Acquisition Expands Northern Reach
Pursant's Investment Banking practice announced that its client, Vonachen Group, one of the largest privately owned janitorial service companies in the U.S., has acquired Clearwater Janitorial, LLC. Clearwater provides janitorial services to office, medical and industrial facilities throughout Wisconsin.
Established in 1968, Peoria, Illinois-based Vonachen Group has grown to be one of the largest privately owned janitorial service companies in the Midwest and Southern US, with over 2000 employees servicing hundreds of locations. Vonachen’s service offerings include janitorial services, office support, factory support, recycling programs, and special services for commercial offices, health care, industrial and education facilities. Clearwater is the 6th acquisition for Vonachen and will operate under their Northern Region brand Accent Services Inc. (ASI).
Clearwater Janitorial, LLC was established in 2014 by Ivan Sackett and is headquartered Eau Claire, Wisconsin. They provide janitorial services to office, medical and industrial facilities throughout Wisconsin.
"The Vonachen Group is extremely excited about expanding our presence in Wisconsin with Clearwater," says Matt Vonachen, president of Vonachen Group. "Ivan has done a terrific job building the business and we will continue to build upon his legacy. They are a great company with terrific team members. We consider people the greatest asset in our business and the Clearwater team will only enhance our value proposition in the market. Clearwater is our 5th acquisition in our Northern Region and will operate under our Northern Region brand Accent Services Inc., ASI."
Sackett is equally excited about the partnership.
“I am pleased with Vonachen Group’s acquisition of our company since they have many of the qualities that Clearwater has espoused since its inception," he says. "This will facilitate integration of the two companies, for the benefit of clients and employees alike. We know that our clients will appreciate and thrive under the extended services and resources of Vonachen Group.”
Pursant, LLC acted as the sole Merger & Acquisition advisor to Vonachen for the transaction. Pursant is Vonachen’s Acquisition Strategy Management (ASM) partner, charged with leading the company’s acquisition initiative. The Pursant team managed the transaction process with precision, from beginning through close, freeing-up the Vonachen Group management team to focus on the broader objectives associated with running the business.