- Category: Deal Announcements
- Created: Wednesday, 17 October 2018 15:04
- Written by Craig Castelli
October 17, 2018
For Immediate Release
Caber Hill Advisors announced today that it assisted in the sale of a Midwest janitorial company to Anchor Building Services, a Chicago-based janitorial services provider. Peter Holton led the transaction for Caber Hill.
Following the transaction, Tom Prybylo Jr., President of Anchor Building Services, commented that "The reputation and history of the seller was the main attraction for me in our partnership with the company. The owner and his family have built a wonderful business over the years and we are excited to continue the legacy going forward. The accounts the company has worked with over the years provides an avenue to continue to grow Anchor Building Services and to become one of the most dominant players in the Chicago market."
“Of the different possible buyers, I feel Peter Holton brought us the right fit for our multi-generational company," said the seller. "Tom, and his team at Anchor, are committed to allowing our operations staff to continue serving our clients, which provided me the comfort I needed to entrust him with our company, clients and employees. It's a great way to move into retirement.“
The seller continued to say that “I thought I understood what was involved in offering my company for sale but was not prepared for the roller coaster ride of the preparation and process. Peter and the entire Caber Hill Advisors team were a huge help in getting us ready for the sale process and guiding us through to a successful sale."
Transaction closed on September 7, 2018. Specific terms were not disclosed.
About Caber Hill Advisors
Caber Hill Advisors is committed to working with business owners so they can successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell their business or make an acquisition.