March 31st, 2008
BGM Industries To Be Acquired
ISS Facility Services, Inc., a national provider of facility services has signed an agreement to acquire building services provider BGM. The closing is expected to occur today, March 31, 2008.
BGM, which does business as BG Service Solutions, has revenues of $105 million and provides cleaning services in six states including Colorado, Kansas, Missouri, Minnesota, Florida and Utah. BGM was founded in 1972 by Ron Baker and Ron Goldsmith, and Goldsmith says, “Ron Baker and I are very pleased to place our company and dedicated employee team with the leading cleaning company in the world.”
Sonny Price, current president of BGM will remain with ISS as the president of the Midwest Region and will be responsible for the operations of the region within the ISS corporate structure.
“We are very excited to team up with BGM. I have known both Ron’s for a long while and have always admired the management team they put together and their approach to the business in building a great Company,” remarked Darrell Glover, CEO of ISS Facility Services, Inc., on the deal. “This acquisition is a great fit for ISS and gives us a very strong presence in the Midwestern states. It also gives us a strong presence in the Aviation sector which is important to us,” says Glover. With this acquisition, ISS Facility Services will have over 14,600 employees.
ISS Facility Services, Inc. is the United States company of ISS and offers a range of service solutions, from single services to fully Integrated Facility Services (IFS) that combine all of the customers’ service and support functions into one solution.
About the ISS Group
The ISS Group is a facility services group, providing integrated service solutions based on the core business areas of cleaning, catering, office support, property services, and security. The ISS Group had annual revenues of almost USD $13.4 billion in 2007 and employs more than 440,000 people in 50 countries across Europe, Asia, North America, South America and Australia.
About BGM Industries
BGM Industries has its headquarters in Kansas City, MO, and is a leading provider of cleaning services in the Midwest. In addition to cleaning services, BGM also provides property services such as building maintenance and landscaping as well as security. The company has more than 1,000 customer accounts, the largest of which are office properties and airports. BGM Industries generated 2007 revenue of about USD $105 million and has some 3,600 employees.
LABELS BGM, Cleaning, ISS Facility Services, Interiors, acquisition No Comments »
