Deal Details

HES Receives Majority Investment from GI Partners

Technology & Services

HES, a portfolio company of Nautic, majority investment from GI Partners

Summary

HES Facilities Management (“HES” or the “Company”), a portfolio company of Nautic Partners, LLC (“Nautic”), has recently received a majority investment from GI Partners. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to HES on this transaction.

About

HES Facilities Management provides janitorial, facilities management and groundskeeping services to education institutions nationwide, operating in more than 30 states with regional locations and partnerships across the country. With the Company’s leadership possessing decades of industry experience, HES is known for its high service quality and deep expertise in the education market, enabling schools and universities to maintain safe, clean and well-managed learning environments. HES is headquartered in Knoxville, Tennessee.

Nautic is a middle-market private equity firm that focuses on investments in three sectors: healthcare, industrials and services. Nautic has completed over 160 platform transactions over its 38-year history. The firm employs a proactive, thematic investment strategy and partners with strong management teams to accelerate the growth of its portfolio companies through strategic add-on acquisitions, targeted operational initiatives and deep sector expertise. Nautic is headquartered in Providence, Rhode Island.

GI Partners is a private investment firm founded in 2001 with over 180 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale and London. The firm has raised more than $49 billion and invests on behalf of leading institutional investors around the world through its private equity, real estate and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services and software sectors. The real estate team focuses primarily on technology and healthcare properties, as well as other specialized types of real estate. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. GI Partners is headquartered in San Francisco, California.

Technology & Services

HES, a portfolio company of Nautic, majority investment from GI Partners