Broadtree Partners Acquires Contract Sweeping Services and Statewide Construction Sweeping
January 12, 2021
Broadtree Partners has acquired Contract Sweeping Services, LLC and Statewide Construction Sweeping, LLC and combined them under a new holding company, West Sweeping Services Holdings, LLC, to build a regional power-sweeping platform. The deal was financed with senior debt from Bank Prov and subordinated debt and equity from True West Capital Partners; Manvendra Saxena (Broadtree) will serve as President & CEO while founders Joe and Gina Vella remain equity holders and operational advisors.
- Targets
- Contract Sweeping Services, LLC, Statewide Construction Sweeping, LLC
- Sellers
- Joe Vella, Gina Vella
- Platforms
- West Sweeping Services Holdings, LLC
- Industry
- Environmental Services
- Location
- California, United States
- Transaction Type
- Buyout
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