TAMPA, Fla., May 21, 2014 (GLOBE NEWSWIRE) -- In its advisory role for the recently-completed first acquisition made by Diversified Maintenance Systems, LLC, a national provider of quality janitorial services, CFO Alliance, Inc. managed the buy-side acquisition process from commencement to closing. This included coordination of efforts of more than 50 professionals across various internal and external teams including legal, financial, sales, investment banking, private equity, banking and insurance to conclude the deal successfully.
"We began our involvement in Diversified's acquisition of Rite Way Service LLC in September 2013, supporting the executive team throughout the entire due diligence and acquisition processes," says Brooke Evans, CEO of CFO Alliance. "Even though the Diversified team is exemplary, CFO PJ Sheil realized that bringing us in would improve their chances for a successful transaction, while allowing their executives to continue focusing on their day-to-day business. That approach worked beautifully."
CFO Alliance's cross-functional role in the acquisition and refinancing process included serving as the project manager to coordinate the work of the entire team, assisting the investment bank in developing the private placement memorandum, facilitating lender diligence and leading the integration planning process. Now with the acquisition complete, CFO Alliance continues to assist with integration efforts.
"Brooke and her team quickly gained the confidence of our executive team and private equity sponsors with their quick grasp of deal intricacies and ability to get the job done," says Diversified CEO Alan Butcher. "Also significant for us was that they fit in as part of our team so quickly and easily. It felt like they were part of us, rather than an external consultant, which was refreshing."
With this acquisition of Birmingham, Ala.-based Rite Way Service, Diversified has become the largest private janitorial service provider in the United States. Butcher adds that the acquisition will increase Diversified's service capability, diversify its client base and create significant value for stakeholders. Rite Way Service will operate as a separate division of Diversified.
About CFO Alliance
Based in Tampa, CFO Alliance (http://www.cfoallianceinc.com) is a team of business performance experts in the areas of accounting, strategic finance and business process improvement. With a mission of helping clients prosper in a healthy, sustainable way, CFO Alliance works with chief financial officers, business owners and their leadership teams to improve performance and respond to changing market demands with ease and efficiency.
About Diversified Maintenance Systems LLC
Established in 1997, Diversified Maintenance Systems is a national provider of quality janitorial services that provides janitorial and maintenance services, particularly to clients in the retail, grocery, logistics, education, specialty and Class A office fields. The company recently acquired Rite Way Service LLC.
CONTACT: Suzie Boland RFB Communications Group 813-259-0345 firstname.lastname@example.orgSource:CFO Alliance