#USA #Knoxville #Education Services #GI Partners #HES Facilities

HES Facilities Management Announces Majority Investment from GI Partners

HES Facilities Management, a premier provider of critical facility services for educational institutions across the United States, has officially announced a significant investment from the private equity firm GI Partners. This investment marks a pivotal moment for HES, which aims to leverage this financial boost to further its commitment to enhancing educational environments.

Founded in 2020 and led by President and CEO Charlie Spencer with Buddy Helton as Chairman, HES is recognized for its exceptional janitorial, facilities management, and groundskeeping services. The company operates in over 30 states, having established strong relationships with educational institutions to maintain safe and clean learning settings.

GI Partners, known for its focus on investing in resilient sectors, shares a collaborative vision with HES's management team to support the organization's next growth phase. Jeff Sheu, Managing Director at GI Partners, commented on the investment, highlighting the solid foundations HES has built in a stable market and its dedication to service excellence. “Partnering with the talented leadership at HES provides us an exciting opportunity to invest strategically in their vision, aligning with our strengths in supporting service-driven enterprises,” Sheu stated.

The partnership reflects a mutual commitment to support and expand HES's operational capabilities. Spencer mentioned, “This collaboration with GI Partners is timely and essential, positioning us for significant growth and operational enhancement in both K-12 and higher education sectors, while selectively venturing into additional related markets.” This strategic focus not only aims to strengthen HES’s service excellence but also to ensure the organization’s long-term sustainability and value creation.

Buddy Helton also expressed enthusiasm about the partnership, stating, “With GI Partners' expertise and support, HES is set to accelerate its strategic objectives and create substantial value across our service areas.” This sentiment underscores the foresight both leaders have about navigating the educational service landscape and ensuring that their services continue to meet the evolving needs of educational institutions.

Rothschild & Co provided financial advisory services while Ropes & Gray LLP acted as legal counsel to GI Partners during this transaction, though the specific financial details remain undisclosed.

HES Facilities Management stands as a testimonial to the significance of investing in facilities that support educational success. Their commitment to high-quality service and educational engagement aligns profoundly with GI Partners’ investment philosophy, making this collaboration a catalyst for future growth in the sector.

About HES Facilities Management

Founded in Knoxville, Tennessee, HES Facilities Management specializes in providing essential cleaning and facilities management services to a variety of educational institutions. Their operational footprint spans nationwide, focusing on creating optimal learning environments for students of all backgrounds. For more details, visit HES Facilities Management.

About GI Partners

GI Partners, established in 2001 and headquartered in San Francisco, is a robust private investment firm managing over $49 billion in assets. With a diversified portfolio, the company's investments focus on sectors that include healthcare, services, and technology, aiming to drive value and innovation in the industries they enter. To learn more, visit GI Partners.