4M Building Solutions, a portfolio company of O2 Investment Partners, has acquired Capital Services, a provider of cleaning services for healthcare, municipal, corporate and industrial facilities.
Capital Services provides total facility housekeeping services, carpet care programs, hard surface floor care programs, ceramic tile and grout cleaning, fabric panel cleaning, acoustic ceiling tile cleaning, upholstery cleaning, labor outsourcing, and construction clean up. Capital Services was founded in 1981 and is headquartered in Columbus, Ohio.
“We are extremely proud of the business and culture our family has built over the last 41 years at Capital Services,” said Christine Mitchell, former co-owner at Capital Services. “4M’s investment allows us to partner with a like-minded organization and provide additional support and growth opportunities to our valued employees, customers, and partners.”
4M Building Solutions, led by CEO Tim Murch and founded in 1978 as Mitch Murch Maintenance Management, is a St. Louis-headquartered provider of commercial cleaning, janitorial, and housekeeping services in 15 states across the Midwest, Northeast, and Southeast. 4M has more than 4,000 employees and provides its services to 135 million square feet of space in corporate, manufacturing, logistics, distribution, healthcare, educational, and senior-living facilities.
“The investment in Capital Services allows us to continue to expand our footprint in the attractive, high-growth market of Central Ohio,” said Mr. Murch. “Capital Services is well ingrained in the communities it serves and has garnered a very strong reputation in the industry for their emphasis on customer service and creating a positive culture for team members.”
“We are very excited to partner with Capital Services, a janitorial services market leader in the Midwest,” said Sean Darin, a vice president at O2. “We believe Capital Services is a very complementary addition to the 4M platform and we look forward to the collaboration between the Capital Services and 4M teams.”
O2 acquired 4M in December 2022 through its second fund, O2 Investment Partners Fund IV LP, which closed in April 2023 with an oversubscribed $445 million in capital.
O2 makes control investments in companies with EBITDA of more than $5 million located anywhere in the United States and Canada but with a preference for the Midwest and the Great Lakes regions. The firm’s typical transaction size is $15 million to $50 million. Industries of interest include B2B services, technology, and select industrial companies.
© 2023 Private Equity Professional | June 1, 2023
