Business Services

Cleary Gull's Investment Banking professionals have assisted numerous Business Services-oriented businesses, including companies that provide document destruction, recycling, environmental, marketing and equipment rental services.  For example, our professionals advised:

• Hetsco, Inc., a portfolio company of Monument Advisors, a leading independent provider of repair and maintenance services for brazed aluminum plate-fin heat exchangers used in industrial gas, liquefied natural gas and chemical facilities to Platte River Ventures, a private equity firm.
  
  
• Hudson Highland Group, Inc., a leading worldwide provider of permanent recruitment, contract professionals and talent management services in the sale of its Engineering and Technical Staffing division to System One Holdings, LLC.
  
  
• Pioneer Metal Finishing, the leader in the metal finishing industry, in the acquisition of the Company by management, a private investment group, and Prairie Capital LLC.  Cleary Gull helped management raise senior debt, subordinate debt, and equity to affect the purchase of the business.
  
  

• ReGENco, one of the largest and most capable non-OEM turbine and generator maintenance and repair organizations in North America, in a sale to Toshiba International Corporation (TIC), the wholly-owned US subsidiary of Toshiba Corporation (Toshiba) of Japan.
  
  

• The Outlook Group (Nasdaq: OUTL), a provider of printing, packaging, and direct marketing services, in a sale to Vista Group Holdings, a new entity created just for the acquisition, formed affiliates of John Hancock Life Insurance Company and Milestone Partners, a private equity firm.
  
  

• Grunau Company, Inc., a provider of fire protection, plumbing, and mechanical contracting, in a sale to APi Group, Inc., a family of best-in-class independently managed specialty contractors across the United States and Canada.
  
  

• The Peltz Group, a paper recycler in its sale to Waste Management, Inc. (NYSE: WMX), a provider of waste and environmental services.
  
  

• Document Services Inc., a shredder and recycler of confidential documents in its sale to Iron Mountain Inc. (NYSE: IRM), a provider of information storage, protection and related services.
  
  

• Intellispace, a provider of high speed data services to office buildings located in major metropolitan areas throughout the U.S. and the United Kingdom, in the placement of common stock securities.
  
  

• Merkert American Corporation, a provider of outsourced sales, and marketing services to manufacturers, suppliers and producers of food and consumer goods with a fairness opinion for its acquisition of Richmont Marketing Specialists, a provider of sales, marketing, merchandising and order management services to manufacturers of consumer packaged goods.