San Diego Business Journal
Oceanside-based Kellermeyer Bergensons Services (KBS), which partners with leading operations and facility managers across North America, has acquired Kimco Holdings and Kimco Facility Services.

The acquisition was announced on April 4. Terms of the deal, including the purchase price, were not disclosed.

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Mark Minasian CEO KBS

KBS is a portfolio company of Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing. The Kimco deal expands KBS’ position as the largest privately held facility services company in North America.


Founded in 1970 and headquartered in Atlanta, Kimco is a leading national provider of customized commercial cleaning programs, facility maintenance, and associated services. With its array of technology-enabled facility services, the company supports clients across business and industrial end markets, including telecommunications, industrial and manufacturing, government, education, healthcare, and banking and finance.

Following the close of the deal, Kimco will operate as a KBS-branded company.

“Kimco is a respected facility services leader with a deep track record of building trusted client relationships,” said Mark Minasian, CEO of KBS.

“More than ever, clients require partners who can deliver reliable, high-quality services at scale while overcoming complex market challenges,” Minasian added. “Kimco provides us with greater depth in the business and industrial sectors and we warmly welcome their talented team to the KBS family. Together, we will leverage our collective industry knowledge, best practices, and technology capabilities to help clients raise standards and improve operational performance.”  

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Sandeep Gupta CEO Kimco

Sandeep Gupta, CEO of Kimco, said the deal makes sense for both companies.


“We are excited to join KBS, a recognized leader who shares our commitment to providing best-in-class client experiences and leading solutions to create healthy and safe environments. Our clients will now have access to a broader portfolio of services supported by national scale, enabling us to serve their facility needs today and well into the future.”

Over the past four years, KBS has acquired 15 companies to build on its market-leading solutions and expand into new end markets and regions. Today, KBS is the largest privately held provider of facility services in North America, providing scalable, technology-enabled solutions across more than 100,000 locations.

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Bob Warden Global Head of Private Equity Cerberus

Bob Warden, global head of private equity at Cerberus, said the Kimco acquisition will add increased scale and efficiency to KBS’ operations.


“Healthy operations remain central to organizations across sectors and KBS continues to grow to meet the mission-critical needs of clients,” Warden said. “The addition of Kimco further expands KBS’ ability to provide tailored, technology-driven solutions and builds on its distinct market leadership.”

KBS partners with more than 100,000 client locations throughout North America, providing essential facility services that deliver healthy operations to businesses through scalable solutions customized to meet client-specific requirements.

The company’s expertise and technology enable its teams to anticipate issues, ensure quality and maximize efficiency.

“With decades of experience in facility hygiene, including being on the front lines throughout the COVID-19 crisis, KBS is committed to partnering with clients to stay ahead of the curve with the latest advances for maintaining healthy operations,” Minasian said.

Founded in 1992, Cerberus is a global leader in alternative investing with over $55 billion in assets across complementary credit, private equity and real estate strategies.

Cerberus invests across the capital structure where its integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value for its clients.

Kellermeyer Bergensons Services
Founded: 2011
CEO: Mark Minasian
Employees: 55,000 (full-time and affiliates)
Headquarters: Oceanside
Website: 
www.kbs-services.com
Notable: Parent co. Kellermeyer Building Services began in 1967 as a janitorial services provider to department stores.