Gridiron Capital LLC said Jan. 3 that it closed the previously announced sale of Quality Solutions Inc to Cushman & Wakefield. Financial terms weren’t announced. Quality Solutions offers facilities maintenance and managed services.
Gridiron Capital Completes Sale of QSI Facilities
New Canaan, CT, January 3, 2019 — Gridiron Capital, LLC (“Gridiron Capital”), a private investment firm, is pleased to announce the completion of the previously announced sale of Quality Solutions, Inc. (“QSI” or the “Company”), a leading asset light facilities management provider, to Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm. The acquisition of QSI will expand Cushman & Wakefield’s facility management capabilities and coverage across North American markets.
Headquartered in Wichita, QSI offers facilities maintenance and managed services in over 75 trades to 110,000+ locations across various end markets, through over 50,000 qualified vendors. The Company’s integrated, one-stop solution reduces a client’s total cost of ownership and enables clients to strategic plan effectively. Gridiron Capital originally invested in QSI in 2012 and partnered with the Company to build a scalable operating platform and expand its service offering and geographic presence to accelerate growth. Through its partnership with Gridiron Capital, QSI achieved impressive market share expansion via organic growth and multiple add-on acquisitions. The Company aggressively pursued and won new customers in new verticals, and with the add-ons, further expanded the Company’s customer and vendor base and service offering.
QSI was advised by Piper Jaffray and Finn Dixon & Herling LLP.