Sweeping Corporation of America Inc, which is backed by Soundcore Capital Partners, has acquired two street sweeping providers: USA Services of Florida and Hy-Tech Property Services. No financial terms were disclosed.
NEW YORK, NY – June 19, 2018 – Soundcore Capital Partners, LLC (“Soundcore”) announced today that its portfolio company Sweeping Corporation of America, Inc. (“SCA”), the largest selfperforming power sweeping company in the United States, has acquired USA Services of Florida, Inc. (“USA Services”) and Hy-Tech Property Services, Inc. (“Hy-Tech”) as separate transactions.
Headquartered in Longwood, FL and founded in 1989, USA Services is a leading street sweeping service provider specializing in state and municipal roadway maintenance throughout Florida. With a significant footprint spanning the major cities of Orlando, Jacksonville, Tampa, Naples, Fort Myers, and Daytona Beach, the acquisition of USA Services marks one of Soundcore’s largest transactions since the firm’s inception.
Hy-Tech, founded in 1985 and headquartered in Midlothian, VA, provides street sweeping services to its longstanding customer base in the metro Richmond, Tidewater, Virginia Beach, Northern Virginia, Raleigh, and Coastal Carolina regions as well as parts of Washington, D.C. and Maryland, with a dedicated team of professionals and a fleet of state-of-the-art vehicles. SCA’s President & CEO, Christopher Valerian stated,
“These transactions continue our strategy of contiguous growth by acquiring well established, best-in-class businesses. USA Services and Hy-Tech have been leaders in their respective markets for over 30 years and we look forward to continuing their traditions of excellence.”
Soundcore’s Managing Partner, Feliks Zarotsky stated, “The acquisitions of USA Services and Hy-Tech were natural and integral next steps in building out the SCA footprint in the Southeast region of the US, and Chris and the SCA team have done an excellent job working alongside the existing management teams of the businesses to ensure a seamless process. We look forward to rolling up our sleeves with the teams of Hy-Tech and USA Services, and welcome them to the SCA family.”
“SCA has completed nine acquisitions in the sweeping space since the first quarter of 2017 and plans to continue its growth in both existing and new markets. These additions will allow SCA to better serve their customers across a broader geography,” said Jarrett Turner, Managing Partner of Soundcore.
SCA now has 835 customer-focused employees in 34 locations throughout the eastern-half of the United States.
About Sweeping Corporation of America: Headquartered in Cleveland, OH, Sweeping Corporation of America is the largest power sweeping company in the United States. SCA selfperforms parking lot, street, highway, construction, industrial and special events power sweeping as well as jet-vac services to private and government entities. SCA is a Soundcore Capital Partners portfolio company. For more information on SCA, please visit www.sweepingcorp.com
About Soundcore Capital Partners: Founded in 2015, Soundcore is a private investment firm specializing in control equity investments and leveraged buyouts of lower middle market North American headquartered businesses. The firm partners with exceptional management teams and creates long-term value for investors through a combination of strategic acquisitions, operational improvements, and internal growth initiatives. To date, the firm has acquired 28 companies throughout the United States. For additional information on Soundcore Capital Partners, please visit www.soundcorecap.com
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