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KBS Announces Investment Recapitalization

KBS has announced today a recapitalization by investment funds and accounts managed by its long-time investors KKR, Ares Management, and Blackrock Capital Investment Advisors LLC or affiliates thereof, which will become majority equity holders in the company.

According to a press release, the new investment will support KBS’s ability to further develop go-to market capabilities while continuing the delivery of high-quality service to its customers.

“Having the support of KKR, Ares, and BlackRock positions KBS with unmatched strategic capacity and further enables the acceleration of value creation at scale,” said Mark Minasian, KBS CEO.  “We look forward to working closely with these investors, leveraging their deep experience in this next phase of development, while always ensuring we continue to deliver outstanding service that raises standards and lowers costs for our clients.”

“We are pleased to support Mark and the KBS team in this recapitalization, which will position the business for its next chapter of growth,” added Lauren Krueger, a managing director in KKR’s credit business.

“We are excited to help provide KBS with the additional capital needed to help accelerate its growth while ensuring it continues to provide market leading service to all of its customers,” said Adam Ferrarini, a partner in Ares’ Credit Group.

About KBS
Based in Oceanside, California, KBS is a trusted partner to leading operations and facility managers across more than 100,000 client locations throughout North America. The company provides essential facility services that deliver healthy operations to businesses through scalable solutions customized to meet client-specific requirements. For more information, visit kbs-services.com.