Sale of KBS FinalizedNovember 13, 2019
Private investment firm GI Partners has finalized the sale of Kellermeyer Bergensons Services (KBS) to Cerberus Capital Management L. P.
GI Partners had acquired KBS in 2014, significantly expanding the company during the past five years through organic growth and a series of acquisitions. Financial details of the divestment were not announced.
“We are very pleased with the outcome of our investment in KBS and grateful for the strong partnership with the management team,” said Hoon Cho, Managing Director at GI Partners. “It has been a pleasure partnering with Mark [Minasian, KBS CEO] and the team to build an industry-leading facilities management platform. We look forward to following KBS’ continued success during the company’s next stage of growth and its partnership with Cerberus.”
Based in Oceanside, CA, Kellermeyer Bergensons Services, LLC (KBS) provides technology-enabled, integrated interior and exterior property services to customers throughout North America. For more information, visit www.kbs-services.com.