The DAK Group, a Ridgewood-based investment bank specializing in middle market mergers and acquisitions worldwide, announced Oct. 21 the sale of its Sewell-based client The Thesing Companies to Katsam Property Services, a portfolio company of private equity investor Unity Partners. Financial terms were not disclosed.
The DAK Group served as the exclusive investment banker and financial adviser to Thesing, initiating and managing the sale process. This transaction capitalizes on Thesing’s leading position in the street sweeping and property services space, catering to a wide array of commercial customers in the Mid-Atlantic Region.
“The Thesing Companies has built an exceptional business with an excellent reputation and loyal, devoted customers,” said Steve Raymond, managing director, at The DAK Group. He led the transaction, along with Director Derek Zacarias Senior Analyst Shadi Yakoup. “This transaction has provided ownership the opportunity to monetize all their years of hard work and dedication.”
The DAK Group ran a competitive divestiture process. Katsam Property Services was identified as the ideal partner, providing a similar culture.
The Thesing Companies is a 37-year-old company based in Sewell and is a provider of heavy street sweeping, soil erosion control and property maintenance services that operates in southern New Jersey.
Katsam is a Fenton, Mo.-based facility maintenance services and power sweeping company serving both commercial and municipal customers. Katsam provides power and air sweeping, pressure washing, day portering, soil erosion and janitorial services.
