AVALT to acquire Ned Stevens.

AVALT, a family office that makes direct private equity investments, agreed to acquire Ned Stevens, a leading provider of residential gutter cleaning and essential exterior home services. Financial terms were not disclosed. Ned Stevens was founded in 1965 and provides gutter cleaning, soft wash and other related, non-discretionary residential services in 15 states. The company has grown rapidly, fueled by its reputation for high quality service, expansion into new markets and the addition of complementary service offerings. "Our management team is very excited about our new partnership with AVALT. Our business has grown quickly and the AVALT team brings all the right skills, experience and expertise to launch us to the next level. Like Ned Stevens, AVALT is a highly collaborative, energetic team with goals and objectives perfectly aligned with ours." Rob Rapuano, Ned Stevens CEO.