Top Gun Pressure Washing, a portfolio company of Osceola Capital, has acquired Bob Popp Building Services (BPBS). Osceola acquired Top Gun in August 2019.
BPBS provides high-rise, mid-rise, and ground-level window cleaning services for commercial businesses across Colorado. Other services include parking lot maintenance and snow removal. The company was founded in 1975 by Bob Popp and is headquartered in Denver.
“We are excited to partner with the entire Bob Popp Building Services team and capitalize on the company’s significant growth opportunities in the Colorado market,” said Stephanie White, president of Top Gun. “BPBS is the clear market leader in Colorado commercial window cleaning due to its deep industry expertise, customer-first business model, and outstanding reputation.”
Top Gun is a provider of pressure washing and exterior facilities services to commercial businesses and local governments in the Rocky Mountain region of the US. The company’s services include pressure washing, industrial sweeping, exterior high-rise cleaning, window cleaning, environmental spill clean-up, sandblasting, graffiti removal, pavement striping and specialty cleaning. The company was founded in 1992 and is headquartered in Loveland, Colorado.
“The acquisition of BPBS is consistent with Top Gun’s growth strategy of building a leading provider of facilities services in the Rockies and nationwide through the acquisition of strong regional players that complement our existing portfolio of services,” said Ben Moe, a managing partner at Osceola. “The addition of BPBS solidifies our core offering of pressure washing, window washing, power sweeping, and snow removal services, and we look forward to continuing to expand our geographic footprint and service suite.”
Osceola makes control investments of up to $20 million in companies that have revenues of $5 million to $50 million and EBITDA of $2 million to $10 million. Sectors of interest include business services, healthcare services, tech-enabled services and industrial services. The firm was founded in 2014 and is headquartered in Tampa.
Private Equity Professional | April 22, 2020