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Capital to Support Facility Maintenance Services Company’s Growth and New Employee Ownership Program
DALLAS—July 29, 2024—Unity Partners LP (“Unity Partners”), a principles-based middle market investment firm, is pleased to announce it has completed a strategic investment in Katsam Property Services (“Katsam”), a St. Louis, Mo.-based facility maintenance services business. Terms of the private transaction were not disclosed.
Founded in 1986, Katsam is a leading provider of power sweeping and other facility services to commercial and municipal customers in the Midwest. Chris Dick, the company’s CEO, will continue leading the business and will serve on the Board of Directors.
“Starting with our initial conversation, I recognized that the Unity Partners team was best positioned to help us achieve our strategic goals and could bring the requisite resources to support our growth,” said Dick. “I am excited about what we can build together, and I believe Unity’s strategy and approach will enable us to expand our footprint, enhance operations and take the business to the next level while also creating a better experience—including ownership opportunities—for our great employees.”
Employee ownership is built into each of Unity Partners’ platform investments, and Katsam will be launching an Employee Purpose Plan, a program that allows employees to share in the firm’s financial success and capital events.
“Chris has done an amazing job executing on his vision for Katsam and we are excited to bring incremental resources and expertise to partner with him and build on that success,” said Peter Cozzi, an Investment Team Lead at Unity Partners. “In meeting with Chris, we were quickly impressed by his commitment to creating a positive employee experience, providing service excellence to all customers, and his general bias for action.”
Unity Partners will provide capital and strategic and operational support for Katsam as it seeks to expand through organic growth and strategic acquisitions. Katsam is actively looking at opportunities to add key talent and pursue partnerships or acquisitions with other power sweeping and related facility maintenance services businesses.
“We look forward to supporting Katsam’s continued strong growth by partnering with Chris and the leadership team on several value acceleration initiatives,” added Bobby Schneider, a Propel Team Lead at Unity Partners. “As the company expands to new geographies and makes strategic acquisitions, we will invest in the growth and development of the team, expand sales and marketing capabilities, and leverage technology to further enhance the customer experience.”
This marks the fourth platform investment made by Unity Partners since 2023, following its investments in NDH Advisors, Poolie, and Tropolis.
SDR Ventures served as Katsam’s exclusive financial advisor on the transaction. Kirkland & Ellis served as legal advisor to Unity Partners. Blitz, Bardgett, & Deutsch served as legal advisor to Katsam.
About Unity Partners
Unity Partners is a principles-based private equity firm that partners investors and operators to build better together, measured by the economic surplus we create and share with all stakeholders. Our principles provide a foundation to build great people-based services and technology organizations that impact thousands of lives. We deploy our Partner & Propel strategy to identify opportunities to Partner with ambitious leaders to accelerate growth, unlock the benefits of platform scale through mergers and acquisitions and Propel value acceleration through investments in people, processes and operational levers. For more information, visit unitypartnerslp.com.
About Katsam
Katsam is a St. Louis, MO-based facility maintenance services company serving both commercial and municipal customers. Offering includes power sweeping, pressure washing, day portering, and janitorial services. For more information, visit www.katsam.com.
Media Contact
Trevor Blaisdell
646-502-3532
TBlaisdell@StantonPRM.com