Exeter Street Capital Partners Expands Portfolio with Persona-Triangle's Acquisition of AFS
Exeter Street Capital Partners, affiliated with Patriot Capital Group, has made headlines with the announcement that its portfolio company, Persona-Triangle, has completed the acquisition of Advanced Facility Solutions (AFS). This strategic move marks a significant expansion for Persona-Triangle, which is already recognized for its extensive offerings in facility services and commercial signage.
Founded in 2019 and based in Saddle Brook, New Jersey, AFS has rapidly evolved into a national leader in facilities maintenance and construction services. Catering to major sectors such as retail, healthcare, and education, AFS excels in providing customized solutions tailored to the specific needs of its clients. The CEO of Persona-Triangle, Greg Kulesa, expressed excitement over the acquisition, stating, "We are thrilled to welcome Advanced Facility Solutions to our family. AFS is known for its passionate team and exceptional customer service, significantly enhancing our ability to meet the growing facility service demands of our core customers."
With a 24/7 operational model, AFS offers a range of turnkey solutions that include both reactive and preventive maintenance services, as well as large-scale construction projects. The company is distinguished by its use of advanced technology and streamlined operations, which drive efficiency and cost savings for clients in diverse commercial sectors. By focusing on customer-centric environments, AFS empowers property owners and managers to operate their facilities in a more economical and effective manner. Furthermore, AFS prides itself on developing strong relationships with clients, employees, and communities.
The collaboration between AFS and Persona-Triangle promises to enhance service capabilities significantly. Persona-Triangle is among the largest providers of commercial signage in the United States, and by combining the strengths of both companies, they will offer a comprehensive suite of facility services. Although AFS will continue to operate under its name, the partnership enables AFS to leverage Persona-Triangle's scale to accelerate future growth.
Marc Denman, CEO of AFS, remarked on the potential benefits of the acquisition: "We are thrilled to join forces with the Persona-Triangle team, which brings a wealth of resources and capabilities to enhance our operations and deliver even greater value to our customers."
This acquisition also highlights Exeter Street Capital Partners’ strategy of investing in promising small-cap firms within the industrial and services sectors. They aim to foster growth and build market leaders through partnerships with existing management teams. Since 2014, Exeter has successfully executed over 11 investments, with a total of more than $1 billion raised and deployed. They focus on long-term partnerships, emphasizing collaboration to drive growth in the companies they invest in.
The funding for the AFS acquisition was facilitated by Enterprise Bank and Trust, while Three Sixty Seven Advisors served as the sole M&A advisor. Additionally, legal representation for Exeter and Persona-Triangle was provided by Nelson Mullins. Key investment partners, including Harbert Credit Solutions and NewSpring Mezzanine, will continue to support Persona-Triangle’s growth strategy moving into the future.
Persona-Triangle’s robust presence in the commercial signage realm includes two major divisions across North America, ensuring they remain a go-to solution for numerous well-known brands. Their capabilities span design, project management, production, and facility service solutions, ultimately serving over 200 major brands across 8,000 locations each year. As they continue to expand their facility services division, the acquisition of AFS positions Persona-Triangle for significant and rapid growth in an increasingly competitive landscape.
In summary, the acquisition of Advanced Facility Solutions by Persona-Triangle marks a pivotal moment for both companies. By expanding service offerings and enhancing operational capabilities, they are set to lead in the facility services market. As they embark on this new chapter together, there is considerable optimism for the future success and growth of the combined entities.
Founded in 2019 and based in Saddle Brook, New Jersey, AFS has rapidly evolved into a national leader in facilities maintenance and construction services. Catering to major sectors such as retail, healthcare, and education, AFS excels in providing customized solutions tailored to the specific needs of its clients. The CEO of Persona-Triangle, Greg Kulesa, expressed excitement over the acquisition, stating, "We are thrilled to welcome Advanced Facility Solutions to our family. AFS is known for its passionate team and exceptional customer service, significantly enhancing our ability to meet the growing facility service demands of our core customers."
With a 24/7 operational model, AFS offers a range of turnkey solutions that include both reactive and preventive maintenance services, as well as large-scale construction projects. The company is distinguished by its use of advanced technology and streamlined operations, which drive efficiency and cost savings for clients in diverse commercial sectors. By focusing on customer-centric environments, AFS empowers property owners and managers to operate their facilities in a more economical and effective manner. Furthermore, AFS prides itself on developing strong relationships with clients, employees, and communities.
The collaboration between AFS and Persona-Triangle promises to enhance service capabilities significantly. Persona-Triangle is among the largest providers of commercial signage in the United States, and by combining the strengths of both companies, they will offer a comprehensive suite of facility services. Although AFS will continue to operate under its name, the partnership enables AFS to leverage Persona-Triangle's scale to accelerate future growth.
Marc Denman, CEO of AFS, remarked on the potential benefits of the acquisition: "We are thrilled to join forces with the Persona-Triangle team, which brings a wealth of resources and capabilities to enhance our operations and deliver even greater value to our customers."
This acquisition also highlights Exeter Street Capital Partners’ strategy of investing in promising small-cap firms within the industrial and services sectors. They aim to foster growth and build market leaders through partnerships with existing management teams. Since 2014, Exeter has successfully executed over 11 investments, with a total of more than $1 billion raised and deployed. They focus on long-term partnerships, emphasizing collaboration to drive growth in the companies they invest in.
The funding for the AFS acquisition was facilitated by Enterprise Bank and Trust, while Three Sixty Seven Advisors served as the sole M&A advisor. Additionally, legal representation for Exeter and Persona-Triangle was provided by Nelson Mullins. Key investment partners, including Harbert Credit Solutions and NewSpring Mezzanine, will continue to support Persona-Triangle’s growth strategy moving into the future.
Persona-Triangle’s robust presence in the commercial signage realm includes two major divisions across North America, ensuring they remain a go-to solution for numerous well-known brands. Their capabilities span design, project management, production, and facility service solutions, ultimately serving over 200 major brands across 8,000 locations each year. As they continue to expand their facility services division, the acquisition of AFS positions Persona-Triangle for significant and rapid growth in an increasingly competitive landscape.
In summary, the acquisition of Advanced Facility Solutions by Persona-Triangle marks a pivotal moment for both companies. By expanding service offerings and enhancing operational capabilities, they are set to lead in the facility services market. As they embark on this new chapter together, there is considerable optimism for the future success and growth of the combined entities.
Topics Business Technology）
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