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Cerberus-backed KBS acquires Olympus Building Services

Kellermeyer Bergensons Services (KBS), a partner to operations and facility managers across North America and a portfolio company of a portfolio company of Cerberus Capital Management (Cerberus), has acquired Olympus Building Services (Olympus). 

Olympus, headquartered in Phoenix, is a provider of facility services for the higher education market, including public and private colleges and universities, and community colleges. Founded in 1998, the company delivers environmentally friendly contract cleaning, snow removal, project management and other services to higher education institutions across the United States. Each day, Olympus teams service academic facilities, laboratories, athletic facilities, and residential dorms. 

“This acquisition combines Olympus’ higher education sector expertise with KBS’ scale, technology and infrastructure at a crucial period for colleges and universities,” says Mark Minasian, CEO and co-founder of KBS Services. “Now more than ever, physical plant administrators rely on KBS to be at the table adding value in the design, execution and validation of service protocols that address evolving health and safety requirements.”

Anthony C Hipple, Olympus CEO, says: “It has been a challenging year for higher education, and we are proud and excited to be joining a partner that can bring tremendous scale and operational efficiency to our clients right out of the gate. Joining KBS enables us to expand our efforts nationally, helping educational organisations provide safer, cleaner facilities.”

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