Knoxville, Tennessee-based HES Facilities, which provides facilities services to the K12 and higher education sector, has acquired WFF Facility Services, and Clean-Tech Company.

Headquartered in St. Louis, Missouri, WFF Facility Services provides custodial, grounds and facility maintenance to educational institutions across 19 US states.

Clean-Tech Company is a building services provider supporting large corporations.

Financial support for the transaction was provided by HES Facilities’ owner Nautic Partners.

The combined HES and WFF business has almost 100 education clients across 20 US states. In a statement the company stated it “intends to grow rapidly in the years to come”.

The combined company will be led by Charlie Spencer, chief executive, and Buddy Helton, chairman of HES Facilities Management.

Jonathan Campbell, formerly president of WFF and Clean-Tech, is staying with the company as executive vice-president and senior advisor, reporting to Spencer. Campbell and the Fiala family will be shareholders of the combined company alongside Nautic and founding HES management.

Spencer said: “We are very excited to be able to partner with the team at WFF and Clean-Tech for the next phase of their growth under the umbrella of HES. We have admired WFF’s success and strength in the higher education market for many years, and our admiration has only grown as a result of this transaction. We look forward to leveraging the financial strength and geographic footprint of the combined companies to enhance the already exceptional customer service as we expand our business across both clients and service lines.”

Campbell added: “On behalf of myself, my family, and all of the associates at WFF and Clean-Tech, we are thrilled to be able to partner with the HES team during the next phase of growth for our company. We have deep respect for the leadership and success of Charlie and Buddy in their past ventures and at HES, and we believe that this is an ideal next step for the long-term success of our customers and associates.”

Mark Perlberg, managing director, and Nick Vidnovic, vice-president of Nautic, stated: “We are proud to support HES in this transaction, which we hope will be the first of many add-on acquisitions as we continue to grow HES across the country. We are honoured by the faith placed in HES by Jonathan Campbell and the Fiala family, which we believe validates our position as the acquirer of choice for high-performing family-owned companies in the education facility services industry. We look forward to supporting the combined companies’ growth through both organic investment and acquisitions.”

Hennepin Partners was financial advisor to WFF and Clean-Tech on the transaction, and Bryan Cave Leighton Paisner was legal advisor to WFF, Clean-Tech, and their shareholders. Locke Lord was legal advisor to HES and Nautic. Additional financial support for HES was provided by BMO Sponsor Finance.

Date published: 7 December 2020

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