NCK Capital has acquired Dallas-based City Wide Building, a commercial building maintenance company. No financial terms were disclosed. XLS Partners served as M&A adviser to City Wide on the transaction. City Wide was backed by Double R Partners.
CHICAGO, IL – XLS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, City Wide Building Services has been acquired by NCK Capital.
Founded 50 years ago, City Wide is the premier full-service commercial building maintenance company headquartered in Dallas, Texas. The Company provides B2B services such as high-rise window cleaning, pressure washing, waterproofing, and rooftop anchor inspection. City Wide services approximately 1,500 properties annually, including some of the most well-known addresses in Texas. The Company services commercial, municipal and hospital properties. City Wide is a portfolio company of Boston, Massachusetts private investment firm, Double R Partners.
NCK Capital is a Dallas, Texas based private equity firm that acquires controlling interests in lower middle-market companies. The firm provides capital structures, management incentives, and operational support to its partner companies. NCK Capital seeks to invest in companies operating in business services, niche manufacturing, specialty distribution, for-profit education, and healthcare sectors.
“I really enjoyed working with Anthony,” said Greg Ambrosia, CEO of City Wide. “I found him to have the highest level of integrity and deal savvy, both of which I relied heavily on during the marketing and sale of my business. I would definitely use him again on a future opportunity and recommend him to anyone looking for a trustworthy advisor.”
XLS acted as the exclusive M&A advisor to City Wide and the transaction was led by Anthony Contaldo, Partner. The transaction was completed November 2, 2018 with financing provided by Midwest Mezzanine Funds and Huntington Capital Investment Company.
About XLS Partners
XLS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising, and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight, and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors, and raising debt or equity capital. More information is available at www.xlspartners.com.