Transaction Spotlight: Valet Living

Harris Williams served as the sell side advisor for Ares, a portfolio company of Ares Private Equity Group and Harvest Partners, on its sale to GI Partners. Valet Living is a full-service amenities provider in the multi-family housing industry.

The transaction closed November 20, 2020, and adds to HW’s track record of representing marquee services businesses.

Read more here.

Transaction Spotlight: Service Logic

Harris Williams served as the sell side advisor for Service Logic, a portfolio company of Warburg Pincus, on its sale to Leonard Green & Partners. Service Logic is a best-in-class HVAC and mechanical services company headquartered in Charlotte, NC.

The transaction closed October 30, 2020, and further strengthens Harris Williams’ momentum in the mechanical services space.

Read more here.

What We’re Reading

G4S Strikes Deal to be Acquired by Allied Universal for $5B

Security Sales & Integration  12/8/2020

G4S will be acquired by Allied Universal Security Services for $5.1 billion. This comes after G4S initially declined an offer of $3.3 billion from Allied Universal Security Services in October.

“Bringing together Allied Universal’s and G4S’s cutting-edge smart technology solutions and manned guarding businesses will create an enlarged group that is able to lead the industry shift toward integrated security services and provide a global one-stop shop for customers.”

Read the full article here.

What’s Next for the Commercial Property Management?

Forbes  12/3/2020

Government legislation has prevented property managers from evicting tenants due to hardship from the COVID-19 pandemic. With a return to normalcy in legislation, property managers must anticipate higher vacancies and must advertise to fill those vacancies.

“With the courts open again, the end of that moratorium may result in mass evictions of businesses that have found themselves unable to stay afloat during the crisis. It would follow that commercial property managers should prepare to advertise for a significantly higher number of vacancies than usual during this time, and be ready to facilitate a lot of move-outs and move-ins over a short period.”

Read the full article here.

All Those Used Delivery Boxes are a Hot Commodity

The Wall Street Journal  11/17/2020

The lack of recycled office paper from the work-from-home environment has caused a surge in demand for cardboard boxes.

“This surge in cardboard delivery boxes is helping to make mixed paper more valuable. The longer fibers in the cardboard make mixed-paper pulp stronger, allowing mixed paper to be used to make tissue paper and new cardboard for e-commerce boxes and other containers. Prices for mixed paper have risen from zero at the beginning of the year to about $30 a ton this month on higher demand from domestic mills according to data provider Fastmarkets RISI Inc.”

Read the full article here.

Public Markets¹

1. S&P Capital IQ, As of 12.11.2020

M&A Market Trends¹

Commercial & Industrial Services M&A Volume by Year

Representative Commercial & Industrial Services M&A Transactions

1. S&P Capital IQ, As of 12.10.2020