Tuesday, November 18, 2014
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions has been engaged to sell a Chicago Janitorial Services Firm
Contact: Jordan Whitehurst, Director of Corporate Development
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Domenic Rinaldi, Managing Director, engaged to sell a Chicago-based Property Management Firm
Sun Acquisitions (www.sunacquisitions.com) announced today that Domenic Rinaldi, Managing Director, has been engaged to sell a Chicago based Janitorial Services Firm that has been established for eleven years and has a strong presence with educational facilities in the city of Chicago. Sun Acquisitions will manage this entire engagement and advise on deal structures to ensure a successful transaction is completed. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms, the transaction will remain confidential, and most importantly, give the business owner the freedom to concentrate on his business.
The janitorial services industry generates $52bn in annual revenue and the Chicago market is ripe with opportunities for these types of services. This Company outperforms the market with an 18% profit margin compared to the industry’s average profit margin at 5%. The industry’s largest operator is ABM Industries. ABM holds a 5% share of the market indicating that there is ample room for competition.
This Company has been established for eleven years. It has service contracts with educational facilities, manufacturing facilities, and medical facilities. There is very little residential work and most revenue recurs from year to year. The Company has employees who have been with the Company for up to ten years and manage the day to day operations.
“We are pleased our firm was chosen to manage this engagement,” stated Mr. Rinaldi and “we believe this business is a great fit for an existing operator or a company that provides other facility services. Having sold facilities companies in Chicago over the past several years our firm is uniquely suited to manage this engagement and help our client achieve his goals.”
For more information please contact Domenic Rinaldi at 773-243-1603
About Domenic Rinaldi
Domenic Rinaldi is the President and Managing Partner of Sunbelt Chicago. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 24 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena.
Domenic is recognized by colleagues and associates as a leader with determination and integrity. He has helped countless business owners develop, execute and maximize their exit strategies. Personally, he has served on the boards of several non-profit organizations and started a citywide program serving under-privileged school children.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading advisory firm in the Midwest. www.sunacquisitions.com