Gen Cap America buys TFM

Gen Cap America Inc has acquired Wichita, Kansas-based TFM Services, a facilities maintenance company specializing in janitorial services and floor maintenance.

Gen Cap America Inc has acquired Wichita, Kansas-based TFM Services, a facilities maintenance company specializing in janitorial services and floor maintenance. No financial terms were disclosed.

PRESS RELEASE

Nashville, Tenn., August 4, 2020 – Gen Cap America, Inc. announced today that it has acquired TFM Services (“TFM”) in partnership with management. Terms of the transaction were not disclosed.

TFM, based in Wichita, KS, is a leading facilities maintenance company specializing in janitorial services and floor maintenance. With more than 35 years of experience, TFM serves a four-state region with facilities maintenance services across a wide range of facility types including retail, commercial, health care, industrial, and education facilities. Services include conventional janitorial services, concrete restoration, power washing, window washing, landscaping, and general maintenance.
Matt Lane, Managing Director at Gen Cap America stated,

“We are thrilled to partner with the TFM management team. TFM is an exceptional platform in an industry that continues to grow in importance to facilities managers. Additionally, the team at TFM is a perfect fit for our model focused on partnering with existing, successful management teams to assist them as they look to continue their track record of success.”

The TFM management team will be led by Patrick Phillips who assumed the role of President upon close. Patrick joined TFM in 2005.

Phillips commented on the transaction: “This partnership with Gen Cap America represents a new and exciting phase for TFM as we continue to grow across the region while also continuing to provide our customers with the same exceptional service that they have come to expect from TFM.”

This investment represents the eleventh platform acquisition that Gen Cap America has made in Fund VII, and the second in the facilities maintenance space in this fund. The other facilities maintenance related investment was their 2018 investment in Mid America Specialty Services.

“TFM fits perfectly with Gen Cap’s investment model of backing management teams at companies with long histories of success,” Barney Byrd, CEO of Gen Cap, commented.

About Gen Cap America Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.

About TFM Services TFM is a leading facilities maintenance company specializing in janitorial services and floor maintenance. With more than 35 years of experience, TFM serves a four-state region with facilities maintenance services across a wide range of facility types including retail, commercial, health care, industrial, and education facilities. Services include conventional janitorial services, concrete restoration, power washing, window washing, landscaping, and general maintenance. For more information, visit www.tfmservices.net.