Littlejohn has made an investment in McLean, Virginia-based Valcourt Building Services, a provider of exterior building maintenance and repair services to mid- and high-rise buildings. No financial terms were disclosed. J.P. Morgan Securities LLC served as financial advisor to Valcourt while Moelis & Company served as financial advisor to Littlejohn.
GREENWICH, CT – January 12, 2021 — Littlejohn & Co., LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, today announced it has made a significant growth investment in Valcourt Building Services, a premier provider of exterior building maintenance and repair services to mid- and high-rise buildings. Valcourt’s Founder and Chief Executive Officer, Jeffery T. Valcourt, and his management partners are maintaining a meaningful interest in the business.
Established in 1986 and headquartered in McLean, VA, Valcourt provides a full range of recurring and essential exterior building maintenance services that require vertical access capabilities, including window cleaning, waterproofing and safety services to Class-A commercial offices, high-rise residential condominiums, hospitality businesses, healthcare facilities and other clients. The Company operates a network of branches from which it serves clients across 23 states.
“As the market leader, Valcourt is well positioned to continue its strong growth trajectory in its existing markets and expand into new markets,” said Brian Michaud, a Managing Director at Littlejohn. “Jeff, along with longtime partner Jon Capon, have built an exceptional team and culture at Valcourt, and we look forward to building on that success with the resources and capital that Littlejohn brings to the partnership to support future growth.”
Mr. Valcourt added, “Littlejohn has a successful history of backing businesses in the services sector, and I am pleased to partner with them as we seek to expand our capabilities and enter new geographies. I’m proud of the work our team has accomplished, establishing Valcourt as a service provider of choice on the East Coast and I look forward to building upon that success with Littlejohn’s partnership.”
J.P. Morgan Securities LLC served as exclusive financial advisor, Holland & Knight LLP served as legal counsel and Grant Thornton provided financial due diligence and accounting support to Valcourt in the transaction. Moelis & Company served as financial advisor and Troutman Pepper served as legal counsel to Littlejohn.
About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With approximately $12 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.