Client Description
Platinum Cleaning & Facility Services, based in Los Angeles, CA, is a leading janitorial cleaning and facility services provider to Class A office buildings, skilled nursing facilities, and educational institutions. Servicing millions of square feet daily, the Company’s primary focus is providing janitorial services, such as trash removal, floor care, carpet cleaning, restroom sanitation, and window cleaning, ensuring a spotless, safe, and hygienic environment. The Company operates in 11 states and has built a strong presence in the West, Midwest, and South.
The Winning Solution
Genoa Partners executed a confidential and efficient sale process, identifying and engaging a targeted group of strategic buyers with the experience, operational resources, and financial capability to scale Platinum Cleaning’s services. Ultimately, Healthcare Services Group emerged as the ideal acquirer, offering a compelling strategic fit, financial strength, and a seamless transition plan. The acquisition provided Platinum Cleaning’s leadership with confidence that their employees and clients would be well-served under new ownership while also maximizing value for the sellers.
Buyer Description
Healthcare Services Group, Inc. (NASDAQ: HCSG) is a nationwide provider of housekeeping and facility management services to the healthcare industry. The company services include management of clients’ housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Healthcare Services Group has been in existence for over 45 years and continues to grow. For the fiscal year ending December 31, 2024, the company generated over $1.7 billion in revenue.
