Varsity Contractors, Inc.
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Varsity Contractors, Inc. - overview
Established
1957
Location
Salt Lake City, UT, US
Primary Industry
Consumer Services
About
Varsity Contractors, Inc. specializes in integrated facility services, delivering tailored operational solutions across various sectors including healthcare, education, and corporate environments. Founded in 1957 and headquartered in Salt Lake City, US, Varsity Contractors, Inc. provides facility management services.
In August 2017, the company was acquired by Kellermeyer Bergensons Services, LLC, a portfolio company of GI Partners. Varsity Contractors, Inc. offers a comprehensive suite of integrated facility services aimed at maintaining welcoming environments. Their core services include commercial janitorial services, floor care, exterior maintenance, and technical services, catering to clients in healthcare, education, hospitality, and corporate sectors.
The company serves over 75,000 locations throughout North America, ensuring consistent, high-quality service tailored to meet clients' specific needs. Varsity Contractors, Inc. operates on a business-to-business (B2B) model, forming direct partnerships with clients. Revenue is generated through service contracts that encompass customized facility management solutions, typically structured as long-term agreements.
The company works with over 4,000 partners to deliver its services, with pricing based on tailored service packages designed to meet each client's operational requirements. Following its acquisition in August 2017, Varsity Contractors, Inc. is positioned for future growth through strategic expansion. The company plans to enhance its service offerings and explore new geographic markets to increase its footprint.
The funding from its recent acquisition will support these initiatives as Varsity Contractors, Inc. aims to leverage its extensive network to better serve its clientele.
Current Investors
Kellermeyer Bergensons Services, LLC
Primary Industry
Consumer Services
Sub Industries
Facilities & Maintenance Services
Website
www.varsityfs.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Varsity Contractors, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Varsity Contractors, Inc. | - |
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