Pursant’s Investment Banking Practice is pleased to announce that Right Building Services, Inc. has been acquired by DMS Facility Services, LLC
Irvine, CA – Right Building Services, Inc. (“RBS” or the “Company”) is a full service contract janitorial and day porter service provider with customers located throughout Southern California. The Company services owner-occupied and multi-tenant Class A office buildings, homeowner associations, retail centers and industrial complexes. The business was founded in 2007 by Zack Montgomery.
In September 2015, RBS was acquired by DMS Facility Services, LLC (“DMS”). DMS was founded in 1967 and today is a large privately-owned commercial and facility maintenance firm with operations across the Western US.
How Pursant Helped
Pursant, LLC (“Pursant”) acted as the sole Merger & Acquisition Advisor to RBS for the transaction. The Pursant team took ownership of the transaction process from beginning through close, freeing the management team of RBS to focus on the continuing operations of the business. Pursant identified and worked with the universe of buyers that stood to gain the most from acquiring RBS, managed a competitive bid process and executed every phase of the deal-cycle with precision.
Dick Dotts, President of DMS commented “We are extremely excited to be providing janitorial services to the RBS customer community. In addition to providing the top quality janitorial services that these customers have been accustomed to, we look forward to providing additional facility maintenance solutions through the breadth and depth of our platform. In addition to its impressive customer portfolio, RBS assembled a very dedicated and talented team. We are excited that many of them have elected to join our team, including RBS founder/owner/operator Zack Montgomery who will be our General Manager overseeing janitorial services operations across the Southern California market. I also want to acknowledge the team at Pursant for diligently and professionally managing every aspect of the process. Zack Montgomery, President and CEO of RBS commented “I chose DMS from a variety of suitors. DMS will efficiently and seamlessly integrate RBS’ customers onto their platform, providing customers with the same high quality, best in class service while simultaneously offering an expanded and more comprehensive solution set. DMS also recognized the value of our employees, many of which will be joining the DMS family – myself included. We selected Pursant after considering several alternatives. We knew we needed a proactive, dedicated and seasoned team to support our effort to sell our business. Pursant invested the time, energy and resources to understand our objectives and learn our business and operations. Pursant offered a differentiated approach with a disciplined process that challenged pre-screened buyers to compete for our business. “We are thrilled for both the owners of RBS and DMS. The owner of RBS was able to monetize the value of the company while creating professional growth opportunities for the loyal employees of RBS. As a large, full service commercial facility maintenance firm, DMS will offer the RBS customer base expanded and comprehensive service solutions as well as create excellent opportunities for Zack and his employees to continue to meet and exceed their professional goals.” – Scott Glickson and Mark Herbick, Managing Director and CEO respectively of Pursant, LLC.