New York, NY – Pritchard Industries (“Pritchard”), a portfolio company of A&M Capital Partners II (“AMCP”), a middle-market private equity fund that is part of the A&M Capital (“AMC”) Platform, acquired Predictable Business Strategies, LLC (“PBS”), a leading regional provider of janitorial services to education, government and medical clients in Texas.
Founded in 1989 and headquartered in Fort Worth, Texas, PBS is a leading regional provider janitorial services throughout Dallas, Austin, Lubbock and its surrounding areas.
PBS complements Pritchard by increasing its end-market expertise and scaling Pritchard’s existing Texas market presence. The combination furthers Pritchard’s education and medical expertise, is strategically located near Pritchard’s existing Dallas and Austin operations and bolsters Pritchard’s regional management through a talented management team that is staying on post-closing.
Pritchard Industries is a leading provider of facilities services, delivering a wide-range of janitorial and specialty services to approximately 300 million square feet of commercial office buildings, education and government facilities, sports/entertainment venues, medical complexes and industrial facilities. Formed in 1986, Pritchard is headquartered in New York, NY, with operations across the United States. Pritchard employs a world class team of 7,000 union, non-union and seasonal employees, which have helped the Company achieve uninterrupted organic growth since inception. The Company’s business segments include commercial janitorial services, sports and entertainment venue facilities services, metal and marble cleaning and restoration services, and building engineering and maintenance services. More information on Pritchard can be found on the Company’s website, www.pritchardindustries.com.
About A&M Capital Partners:
A&M Capital Partners, with total assets under management of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America. AMCP Fund I held its final close in 2014 with $600 million in capital commitments. Between 2012 and 2020, AMCP Fund I invested in 32 companies to date across eight platforms. Following the success of AMCP Fund I, in 2019 AMCP Fund II closed with $1.2 billion in commitments. AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.
About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.