Announced
Financials
Tags
facilities management services
construction services
Acquisition
Pending
Maintenance Repair and Overhaul (MRO)
Majority
United States
Property Services
Private
Friendly
Construction Services
Private Equity
Single Bidder
Synopsis
Lincolnshire Management has invested in Powerhouse as well as in two complementary, outsourced business services companies, creating a leading national platform company providing refresh, remodel and facilities maintenance services to a roster of blue-chip customers nationwide. The combined company will be an asset light provider of these services for large scale, multi-site projects. Financial terms were not disclosed. Simultaneous with completing the investment in Powerhouse, provider of high-volume, multi-site rollouts, refresh, and recurring facilities maintenance services, Lincolnshire Management also invested in Security Vault Works, which included a highly complementary add-on, One Source Security & Sound. SVW is the nation's largest provider of full-service installations of self-service kiosks and automated teller machines for primarily financial institutions, providing customers with innovative and cost-effective personalized solutions in commercial remodel, program management, equipment and design solutions. "Powerhouse and SVW have unique but complementary offerings, backed by strong management teams. We see vast potential for these companies to grow together and believe the combination will create a market-leading provider of outsourced business services. We look forward to helping these highly scalable, tech-enabled companies grow, reach more customers and develop more services," T.J. Maloney, Lincolnshire Management Chairman and CEO.
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