Caber Hill Advisors is proud to announce that we advised Integrated Facilities Services Group (IFS) in the sale of its business to Kleen-Tech.
Based in Charleston, South Carolina, IFS provides clients with commercial cleaning services across a variety of end markets, including corporate offices, manufacturing, medical education, and property management. Kleen-Tech is a trusted janitorial services provider, with 1,000+ employees who service over 20 million square feet of commercial and government facilities across the U.S.
James Vaugh, CEO of Kleen-Tech commented, “IFS has built an impressive organization and I am pleased to welcome them to the Kleen-Tech family. It has been a pleasure working with Caber Hill Advisors through the process.”
Peter Holton, Caber Hill’s Managing Director representing the facilities services industries, led the transaction. “It is really exciting to see how Brian Cradock built a business from scratch,” commented Holton. “The type of service and clientele IFS has established over the years is incredible and the amount of interest in IFS was astounding. Kleen-Tech is a great fit for Brian and his team.”
“I met Peter and his team at Caber Hill Advisors two years ago when I started interviewing potential firms to represent IFS Group,” commented Brian Craddock, President of IFS. “They are experts in the facilities services space. Peter and his team went above and beyond the call of duty to ensure all expectations were surpassed. I couldn’t have asked for a more professional and experienced investment banking firm to handle one of the most important decisions in my business career.”
The transaction closed May 2023. Specific terms of the transaction have not been disclosed.
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