Valet Living, which is backed by Ares Management LP and Harvest Partners LP, has acquired Ohio-based V.I.P. Waste Services, a provider of recycling solutions to multifamily communities. No financial terms were disclosed.
TAMPA, Fla., Feb. 6, 2018 /PRNewswire/ — Valet Living, pioneer of the doorstep collection amenity and innovator in turn services, maintenance support and pet solutions, announces the recent acquisition of Ohio-based multifamily solution, V.I.P. Waste Services. V.I.P. Waste Services offers both doorstep collection and recycling amenities to multifamily communities.
The mission, values, and culture of Valet Living are very similar to that of V.I.P. Waste Services. Valet Living has built a successful business that serves more than one million apartment homes every night across more than 35 states, and now the V.I.P. Waste Services team will join forces with the Valet Living team to operate as one. The strategic acquisition further increases Valet Living’s presence in the Midwest market and extends its mission to enhance property value by setting the standard in residential services nationwide.
“A defining aspect of this company is its set of core values: respect, integrity, accountability, servanthood, and excellence,” said Shawn Handrahan, President and CEO of Valet Living. “We are looking forward to bringing the V.I.P. Waste Services team onboard and growing our team of servant leaders.”
“The mission of V.I.P. Waste Services has always been to make the world a better place by delighting our clients, their residents, and each other,” said co-founders of V.I.P. Waste Services, Jesse Lear and Travis Smith. “We feel confident that the best way to achieve this mission is to join forces; to work together. We have come a long way. And now, Valet Living will help us leverage what we have built and take it to the next level.”
With this acquisition, 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 will soon be announcing additional resident-facing services.
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 more than one million apartment homes across more than 35 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. Valet Living is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.