May 12, 2016 Press Release


Pursant’s Investment Banking practice is pleased to announce that SG 360, Inc. has been acquired by Lane’s Cleaning.

The Transaction

In April 2016, SG 360 was acquired by SC Realty Services, Inc. (“SCRS”). SCRS is the parent company of Lane’s Cleaning, a full service janitorial services business based in Kansas City that serves real estate owners and property managers.

About Our Client

Service Group 360, Inc., together with is subsidiaries and affiliated businesses (collectively referred to as “SG 360” or “the Company”), provides comprehensive janitorial, maintenance and emergency restoration services (fire, water and mold damage remediation) for educational, medical, commercial and industrial facilities. Established in 2000 and headquartered in Jonesboro, Arkansas SG 360 has grown to be one the largest privately held building service contractors (BSCs) in Arkansas, with customers and operations throughout the state.

How Pursant Helped

For this transaction, Pursant, LLC (“Pursant”) acted as the sole Merger & Acquisition Advisor for SG 360. The Pursant team took ownership of and managed the transaction process with precision, from beginning through close, freeing the owners of SG 360 to focus on day-to-day operations and high growth initiatives. Pursant identified a select group of the most qualified buyers that stood to gain the most from acquiring SG 360, managed a competitive bid process and negotiated the final terms of the deal.


“The addition of SG 360 to the SCRS group of companies is a powerful move that speaks volumes about the growth plans for our business,” said David Harvey, CEO of SCRS. “The company has an impressive customer portfolio, talented management and strong history of growth, all of which complement the strengths of SCRS. We are most fortunate that the founder and CEO of SG 360, Johnny Terrell, will continue to lead SG 360 and will bring his talents to the SCRS leadership team. I also want to acknowledge the team at Pursant for its diligent and professional management of the transaction process.”

Johnny Terrell, CEO of SG 360, commented: “Pursant presented many highly qualified buyers to us during this process. We chose SCRS because we felt confident that it was the most culturally compatible with SG 360, with strengths that were complementary to ours. SCRS also recognized the value of our employees: most will be continuing in their roles, with some stepping up to greater roles in the combined operation. We selected Pursant because of its reputation for having the most insight into the BSC industry and its solid track record of successful strategic transactions. Pursant’s proactive, dedicated and seasoned team invested resources to understand our objectives, culture and the unique aspects of our operations. Through Pursant’s process, pre-screened buyers competed to acquire our business.”

“We are thrilled for the owners of SG 360 and SCRS,” said Scott Glickson, Managing Director of Pursant, LLC. “The owners of SG 360 were able to monetize the value of the company, create excellent career growth opportunities for SG 360 employees and ensure continued best in class service for customers. SCRS has acquired a company that will allow access to a solid and desirable customer base in an adjacent market, plus a talented team of professionals. Pursant CEO, Mark Herbick and I feel that this is a perfect pairing of organizations with complementary attributes and aligned cultures and values.”