Date
Jan 2023
Region
Maryland
We are pleased to share the sale of our client, ServiceMaster Chesapeake to a Private Investor. The acquisition closed January 27, 2023.
ServiceMaster Chesapeake (SMC), located in Millersville, Maryland, operates as a ServiceMaster franchise, and offers comprehensive commercial cleaning services. Specifically, SMC offers carpet cleaning, janitorial services, hard floor cleaning, specialty cleaning, green cleaning, COVID-19 cleaning, and disinfection services.
The company is well known in the regional markets and has an excellent reputation for client service and on-time completion of projects.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Mark Shortz, with the support of Managing Director, M&A, Corey Painter, successfully closed the deal. Executive Managing Director Rick Buchoz established the initial relationship with SMC.
“The owners were great team players and the business, having a strong foundation for financials, allowed us to find the right buyer and close the deal quickly,” said Shortz.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Retail M&A Deals page.
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