January 13, 2020 | | Industry News
Oceanside, CA – January 13, 2020 – Kellermeyer Bergensons Services, LLC (“KBS”), a leading provider of technology-enabled, integrated facility management services, today announced its acquisition of Hospitality Staffing Solutions, LLC (“HSS”). HSS was previously owned by Littlejohn Capital in partnership with Caymus Equity Partners.
Headquartered in Atlanta, Georgia, HSS is a leading provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets.
“This combination represents a significant step forward for both KBS and HSS,” said Mark Minasian, Chief Executive Officer of KBS. “HSS is already the market leader in hospitality services, and joining forces with KBS further enhances its service offering, scale, and technology capabilities. Together, KBS and HSS can offer hospitality customers an unparalleled suite of high-quality, tech-enabled solutions tailored to their business needs.”
Tim McPherson, President and Chief Executive Officer of HSS, added: “We are excited to begin this next phase of growth with KBS. Today, HSS is a trusted partner to hotel, casino, and resort operators, providing the highest quality of staffing and related managed services. With KBS’s differentiated technology and national reach, we will be able to further build on our industry-leading platform to the benefit of our customers nationwide.”
KBS was acquired by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, in November 2019. This transaction represents its first strategic acquisition completed in partnership with Cerberus.
Robert Warden, Co-Head of Private Equity at Cerberus, commented: “Major operators in the hospitality industry want to work with large, compliant, tech-enabled providers that can provide a suite of essential services at scale. Together, we believe KBS and HSS will be a clear partner of choice for existing and new customers. We look forward to supporting the future growth and success of the combined platform and selectively identify additional acquisitions that can further enhance the company’s success.”
Going forward, Mr. McPherson will serve as President of HSS and continue to operate the business under KBS’s proven model for integrating successful businesses. “I very much look forward to working closely with Tim and the best-in-class team at HSS,” concluded Mr. Minasian. “As a division of KBS, Tim and his team will benefit from alignment with KBS while also enjoying operating flexibility and autonomy to continue to do exactly what has made them so successful – delivering superior, reliable services to the hospitality industry.”
Kellermeyer Bergensons Services, LLC (“KBS”) is a leading North American provider of technology-enabled, integrated facility management services to the industrial, commercial, logistics, retail, and hospitality sectors. With more than 64,000 active customer locations in all 50 U.S. states, Canada, and Puerto Rico, KBS sets the industry standard for delivering consistently high-quality and cost-effective facility service solutions. For more information on Kellermeyer Bergensons Services, please visit www.kbs-services.com.
About Hospitality Staffing Solutions
Founded in 1990 in Atlanta, Hospitality Staffing Solutions, LLC (“HSS”) proudly claims a leading market share at the world’s leading hotel brands and management companies, and looks to continue its expansion into new geographies through organic expansion of its branch office network, strategic acquisitions, and further development of its service capabilities. Hospitality Staffing Solutions earned the 2019 Best of Staffing Client Award for service excellence based on client ratings. Learn more about Hospitality Staffing Solutions at www.hssstaffing.com.
Founded in 1992, Cerberus is a global leader in alternative investing with over $40 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.
View More Headlines