Sweeping Corporation of America, Inc.

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Sweeping Corporation of America, Inc. - overview

Established

1988

Location

Cleveland, OH, US

Primary Industry

Business Support Services

About

Sweeping Corporation of America, Inc. specializes in providing comprehensive street cleaning and sweeping services, utilizing advanced equipment to maintain cleanliness in diverse environments such as streets, highways, and construction sites. Founded in 1988 and headquartered in Cleveland, US, Sweeping Corporation of America, Inc. offers street cleaning services.


The company has undergone changes in business operations, focusing primarily on power sweeping and JetVac services, without known subsidiary or parent company relationships. The leadership team includes CEOs Christopher Valerian, Steven Sicular, and Yangk Yang. The most recent funding deal occurred on November 3, 2020, when Warburg Pincus acquired the company from Soundcore Capital Partners for undisclosed financial terms. The firm has been involved in 3 deals to date.


Sweeping Corporation of America (SCA) provides tailored street cleaning and sweeping services suitable for various environments, including streets, highways, construction sites, parking lots, and industrial/manufacturing complexes. Their primary offerings include power sweeping and JetVac services, ensuring compliance with Environmental Protection Agency (EPA) regulations. SCA utilizes state-of-the-art equipment and a highly trained workforce to deliver efficient cleaning operations, serving municipalities, commercial entities, and industrial businesses across the United States. SCA's revenue model is based on service contracts and project-based agreements, primarily within a Business-to-Business (B2B) framework.


Clients engage SCA for various services, including recurring contracts for street and parking lot sweeping and one-time services for special events or post-construction cleanup. Pricing is tailored to reflect the scope and frequency of services, with flagship JetVac offerings targeting municipal and industrial customers who require environmentally compliant cleanup solutions. The company's extensive clientele and geographic reach contribute to diverse revenue streams. Looking ahead, SCA aims to explore new product offerings and expand its geographical footprint.


Recent funding through the acquisition by Warburg Pincus will support these initiatives. While specific new products and launch dates are not disclosed, the company anticipates entering additional markets to widen its service reach. The strategic utilization of funding will enable SCA to enhance its operational capabilities and service delivery.


Current Investors

Warburg Pincus

Primary Industry

Business Support Services

Sub Industries

Facilities & Maintenance Services, Environmental Services

Website

www.sweepingcorp.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Sweeping Corporation of America, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedDMC Sweeping, LLC-
Add-onCompletedVacusweep-
Add-onCompletedCentral Valley Sweeping-
Add-onCompletedJ & M Sweeping, LLC-
Add-onCompletedIndiana Property Services, LLC-

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Sweeping Corporation of America, Inc. - employee data

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