Valet Living, which is backed by Ares Management LP and Harvest Partners LP, has acquired Invisible Waste Services, a garbage collection company. No financial terms were disclosed.
TAMPA, Fla., June 27, 2018 /PRNewswire/ — As of June 22, 2018, Valet Living, pioneer of the doorstep collection amenity, acquired Invisible Waste Services (IWS). Servicing more than one million apartment homes across 38 states, and as the nation’s leading provider, Valet Living has expanded to deliver on its vision as the only nationally-recognized full-service amenities provider to the multifamily industry, enhancing life for both residents and property managers.
In addition to doorstep collection and recycling services, Valet Living also sets the standard for turn services, maintenance support, and pet solutions and recently announced Valet Living Home, a mobile application platform for residential amenities.
IWS, the nation’s second largest doorstep trash provider, is excited to join the Valet Living portfolio and enable all of its associates to join the Valet Living team as well.
“IWS is a service based company, and we believe it can reach its full potential by aligning with Valet Living, a company that specializes and excels in that space,” said CEO and President of Cascade Engineering, IWS’s parent company, Mark Miller.
As innovators in the multifamily industry, IWS and Valet Living will now work together under the Valet Living umbrella and operate as one.
“This acquisition will elevate our presence nationally and further solidfy our place as the nationwide leader in the multifamily industry,” said CEO and President of Valet Living, Shawn Handrahan. “IWS has been an innovator in our industry since 2001, offering services such as pressure washing and being among the first to introduce the bench container and bag catcher. IWS takes pride in its associates just as we do at Valet Living, and we look forward to bringing IWS’s associates on board and growing our team to become better tomorrow than we are today.”
About Valet Living:
As a Tampa Bay Times Top Workplace, Valet Living has been setting the standard for doorstep collection and recycling since 1995. Servicing over a million apartment homes across 38 states, Valet Living has grown to become not just the only national provider of doorstep collection and recycling services, but also the only nationally-recognized full service amenities provider to the multifamily industry. In addition to doorstep collection, Valet Living’s turns, maintenance and pet station solutions make life easier for both property managers and residents, while improving property values. With the launch of its resident-facing amenity services app, Valet Living Home, Valet Living is now the only company in the multifamily industry to combine doorstep collection with both sustainability-related and premium home-related services. Valet Living is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP. For more information, please visit www.valetliving.com.