Washington, D.C. — The Halifax Group ("Halifax") has announced an investment in Case Facilities Management Solutions ("Case FMS" or the "Company"), a leading provider of snow and ice management and commercial landscaping services across the United States, with financing provided by Maranon Capital ("Maranon"). Legacy FocalPoint, now B. Riley Securities ("B. Riley"), served as debt placement agent to Halifax on the transaction.
Case FMS provides its industry leading services to some of the largest multi-site commercial customers in the country. Halifax partnered with Founder and CEO Jason Case, who will continue to lead the business and retain a significant ownership stake in the Company.
Headquartered in North Attleboro, Massachusetts, Case FMS serves close to 10,000 customer sites by leveraging the Company's proprietary technology platform and team of field managers to oversee a managed vendor network with thousands of service providers, supplemented by Case FMS' in-house service capabilities. In addition to snow management services such as plowing, de-icing, and removal, the Company provides outsourced facility services including landscaping, parking lot sweeping, and janitorial services. Case FMS focuses on the commercial markets and primarily serves national and regional customers across the healthcare, financial services, grocery, convenience store, transportation, and retail industries.
"We are very excited to partner with Jason and the talented Case FMS management team. The Company has experienced strong growth and developed an excellent reputation for service over the last decade. We look forward to supporting the Case FMS team in achieving the next phase of growth and success," noted Doug Hill, Senior Partner at Halifax. "Case FMS' proprietary technology and hybrid operating model have made it a differentiated platform in the commercial snow and landscaping services markets with significant opportunity for accelerated growth and market share capture," said Davis Hostetter, Principal at Halifax, adding, "[B. Riley] provided valuable assistance throughout the financing process and was integral in developing a structure that best accommodated the seasonal nature of the business."
Clay Bryan, Managing Director at B. Riley, added, "We are excited to have played a role in Halifax's acquisition of an exceptional platform in the B2B facility services sector and look forward to what the future holds for the partnership."
About The Halifax Group
Founded in 1999, The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and invest in lower middle market businesses with total enterprise values generally between $100 and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs, and management buyouts and invests across a variety of industries, including health and wellness, outsourced business services, and franchising. The firm is headquartered in Washington, D.C. and maintains an office in Raleigh, North Carolina. To learn more, visit thehalifaxgroup.com.
About Case FMS
Founded in 2009, Case FMS is a leading provider of snow management and landscaping services to customers across the U.S. The Company focuses on the commercial market and primarily serves national and regional brands and institutions. In addition to snow and ice management, the Company provides various outsourced facility services including landscaping, sweeping, and janitorial services. Case FMS is headquartered in North Attleboro, Massachusetts. To learn more, visit casefms.com.
About Maranon Capital
Maranon is an investment firm focused on directly originated private credit investments. The firm's professionals have built their careers specializing in middle market investing, and the team has committed over $10 billion of capital since 2007 through multi-product strategies that span the balance sheet to include value-added financing and equity co-investments. To learn more, visit maranoncapital.com.
B. Riley Securities is a leading investment bank that provides a full suite of investment banking, corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring, and recapitalization. The firm is nationally recognized and highly ranked for its proprietary small-cap equity research. B. Riley Securities is a wholly owned subsidiary of B. Riley Financial. For more information, visit brileysecurities.com and focalpointllc.com.
Please contact Clay Bryan, Managing Director at 310-405-7085, or Clinton Miyazono, Director, at 312-508-5782 with any questions about this transaction.