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New Deal


Announced

Cerberus-backed Kellermeyer Bergensons Services to acquire Hospitality Staffing Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Single Bidder

Acquisition

housekeeping

Majority

Pending

United States

Janitorial

Private

Friendly

Synopsis

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Cerberus-backed Kellermeyer Bergensons Services, a provider of technology-enabled, integrated facility management services, agreed to acquire Hospitality Staffing Solutions, a provider of outsourced housekeeping and related services to the hospitality sector in the United States. HSS was previously owned by Littlejohn Capital in partnership with Caymus Equity Partners. Financial terms were not disclosed. "This combination represents a significant step forward for both KBS and HSS. HSS is already the market leader in hospitality services, and joining forces with KBS further enhances its service offering, scale, and technology capabilities. Together, KBS and HSS can offer hospitality customers an unparalleled suite of high-quality, tech-enabled solutions tailored to their business needs," Mark Minasian, KBS Chief Executive Officer.

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