Capstone Partners Advised Summit Service Group on Its Sale to The Facilities Group
Summit Service Group was founded in Denver, Colorado in 1981 and has been Colorado’s market leader in commercial janitorial cleaning for more than 40 years. Summit specializes in single-tenant owner-occupied commercial buildings, industrial and manufacturing facilities, medical institutions, and more.
Capstone Partners advised Summit Service Group—a janitorial and facility maintenance services company—on its sale to The Facilities Group (TFG), a portfolio company of Greenbriar Equity Group and Revolent Capital Solutions.
Summit Service Group was founded in Denver, Colorado in 1981 and has been Colorado’s market leader in commercial janitorial cleaning for more than 40 years. Summit specializes in single-tenant owner-occupied commercial buildings, industrial and manufacturing facilities, medical institutions, and more.
With the acquisition, Summit joins one of the fastest growing national providers of facilities maintenance and janitorial services in the United States.
The Facilities Group is located in Tampa, Florida with 18 office locations and services more than 25,000 locations across the country. TFG partners with premier local, regional, and national facility maintenance providers while maintaining brand legacy and driving high-powered technology to provide the best-in-class service experience. Summit marks the twelfth company to join TFG since its inception, with additional acquisitions expected in 2022.
Greg Ibsen, President, Summit Services Group, commented
"I chose Capstone because of their longstanding reputation of excellence and my knowledge of the results they delivered for a friend of mine. I also engaged them because of the very thorough and professional business evaluation they delivered. Upon reflection of working with Capstone Partners, I can definitively say that they were the perfect advisor for this process and provided the best service experience of my career. The timeliness of their decision-making and correspondence, even in the late of night and weekends, maintained the course to a successful closing."
Bryson Raver, CEO of The Facilities Group, said
“We are excited to welcome the Summit team to TFG. Summit’s longstanding history in the Colorado market combined with the additional resources at TFG will allow us to accelerate our progress in the Mountain West Region.”
Brian Krehbiel, Director at Capstone Partners, added
“Greg has established an impressive janitorial services platform in Colorado that will provide the backbone for TFG’s future growth throughout the Mountain West. By empowering the Summit management team to think and operate like owners, he created a culture and legacy of accountability and respect that will continue into the future. It was our pleasure to guide and assist the Summit team throughout the process resulting in a great outcome.”