Soundcore Keeps Sweeping
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Soundcore Keeps Sweeping

Sweeping Corporation of America (SCA), a portfolio company of Soundcore Capital Partners since February 2017, has completed two separate add-on acquisitions with the buys of USA Services of Florida and Hy-Tech Property Services.

USA Services is a provider of street sweeping services specializing in state and municipal roadway maintenance throughout Florida. The company serves customers in Orlando, Jacksonville, Tampa, Naples, Fort Myers, and Daytona Beach. USA Services was founded in 1989 and is headquartered near Orlando in Longwood, FL with additional facilities in Jacksonville, Tampa/St. Petersburg, Fort Myers/Naples and the Space Coast (Cocoa Beach, Melbourne, Port Canaveral and Titusville) (www.usaservicesfl.com).

Hy-Tech provides street sweeping services to customers in metro Richmond, Tidewater, Virginia Beach, Northern Virginia, Raleigh, and Coastal Carolina regions as well as parts of Washington DC and Maryland. The company was founded in 1985 and is headquartered near Richmond in Midlothian, VA (www.hy-techproperty.com).

With the buys of USA Services and Hy-Tech, SCA now has 835 employees in 34 locations throughout the eastern half of the United States. “These transactions continue our strategy of contiguous growth by acquiring well established, best-in-class businesses,” said SCA’s President and CEO, Christopher Valerian. “USA Services and Hy-Tech have been leaders in their respective markets for over 30 years and we look forward to continuing their traditions of excellence.”

Sweeping Corporation of America (SCA) provides street, parking lot and construction site sweeping, catch basin cleaning and several ancillary services including pavement maintenance and snow management to state, municipal, commercial, industrial and residential customers including state departments of transportation, city and county public works departments, airports, large industrial facilities, property management companies, major retailers, construction companies and special event venues. SCA utilizes more than 350 street sweepers, parking lot sweepers, sewer cleaners and other support equipment daily across the country. The company was founded in 1988 and is headquartered in Cleveland (www.sweepingcorp.com).

“SCA has completed nine acquisitions in the sweeping space since the first quarter of 2017 and plans to continue its growth in both existing and new markets. These additions will allow SCA to better serve their customers across a broader geography,” said Jarrett Turner, Managing Partner of Soundcore.

Soundcore Capital Partners invests from $2 million to $60 million of control equity in lower middle market companies that are headquartered in the US or Canada. Typical targets will have from $1 million to $10 million in EBITDA. Sectors of interest include services, specialty distribution, and valued added manufacturing. Soundcore was founded in 2015 and is based in New York (www.soundcorecap.com).

“The acquisitions of USA Services and Hy-Tech were natural and integral next steps in building out the SCA footprint in the Southeast region of the US, and Chris and the SCA team have done an excellent job working alongside the existing management teams of the businesses to ensure a seamless process,” said Feliks Zarotsky, Managing Partner of Soundcore.

© 2018 Private Equity Professional | June 20, 2018

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