Triad Expands with Acquisition of Brite Solutions

Deal News | Dec 03, 2024 | EIN

Triad Expands with Acquisition of Brite Solutions

Triad Service Solutions announced the acquisition of Brite Solutions, a move that significantly enhances its presence in the facility maintenance industry. This acquisition marks a pivotal moment in Triad's growth strategy, aimed at expanding services across 46 states where high-demand, 24-hour operations necessitate reliable service providers. Brite Solutions, known for its extensive subcontractor network and expertise in transportation and warehousing facility maintenance, brings additional capabilities to Triad's service offerings. Ken Davis, CEO of Triad, highlighted the strategic importance of the acquisition, noting opportunities for cross-selling in areas such as concrete polishing and floor maintenance. Mark Papp of Tide Rock YieldCo underscored the substantial growth Triad has experienced since Tide Rock's initial investment, further bolstered by Brite Solutions' integration. The move also aligns with Triad's ongoing efforts to build a comprehensive service platform, following previous acquisitions of Central Midlands Cleaning and American Cleaning International, LLC. Triad's dedication to quality and reliability positions it well for continued expansion across sectors like healthcare, retail, and hospitality.

Sectors

  • Facility Management
  • Logistics & Warehousing

Geography

  • United States – Both Triad Service Solutions and Brite Solutions operate across multiple states in the U.S., making it a relevant geography for the operations and expansion.

Industry

  • Facility Management – The acquisition between Triad and Brite Solutions involves companies that provide comprehensive facility services, including cleaning and maintenance, primarily for logistics and warehousing sectors.
  • Logistics & Warehousing – Brite Solutions specializes in maintenance services for transportation and warehousing facilities, indicating involvement in this sector.

Financials

    Participants

    NameRoleTypeDescription
    Triad Service SolutionsAcquiring CompanyCompanyA leading provider of facility maintenance and cleaning services, acquiring Brite Solutions to expand its national reach and service offerings.
    Brite SolutionsTarget CompanyCompanySpecializes in facility maintenance for transportation, logistics, and warehousing sectors, being acquired by Triad Service Solutions.
    Tide Rock YieldCoInvestorCompanyAn investor in Triad, commenting on the acquisition as part of its strategy to grow and scale the company.
    Ken DavisCEO of Triad Service SolutionsPersonCEO of Triad Service Solutions, responsible for executing the strategic acquisition of Brite Solutions.
    Mark PappPresident of Tide Rock YieldCoPersonPresident of Tide Rock YieldCo, commenting on Triad's growth with the acquisition.