Veritas Capital has agreed to acquire BGIS from CCMP Capital Advisors and Alberta Investment Management Corporation (AIMCo). BGIS runs and maintains buildings and facilities — offices, data centers, and government, healthcare, and industrial sites — for large public and private organizations, handling the engineering, operations, and technology that keep those properties running, a service known in the industry as technical integrated facilities management (IFM).
The company oversees more than 65,000 facilities totaling over 620 million square feet globally with a team of more than 12,000. Gord Hicks continues as chief executive officer and will lead the business with his management team. CCMP and AIMCo had backed BGIS since 2019.
Veritas Capital, a technology investor focused on companies operating at the intersection of technology and government, manages over $54 billion in assets. James Dimitri, partner and co-head of flagship private equity at Veritas, led the transaction for the firm.
Citi served as lead financial advisor to BGIS, with TD Securities as co-advisor and BMO Nesbitt Burns and CIBC World Markets also advising.
