PE Roll-up Tracker · 2026
Last updated: October 6, 2026

Who is buying janitorial companies?

Quick Answer
Private-equity platforms lead. 4M Building Solutions (O2 Investment Partners) made 16 acquisitions between January 2023 and July 2026. GDI (owned by Birch Hill since March 2026), CCS Facility Services (Silver Oak), Sizemore (Inspirit Equity), Kleen-Tech (Rainier Partners) and H&B (Boyne Capital) are also buying or newly formed. Privately owned Marsden, Perfect Building Maintenance and SoftBank Robotics America buy too. Advisor guides cite about 2.5x–4.5x SDE and 3x–8x EBITDA.

17 named consolidator platforms are actively acquiring US commercial cleaning businesses; 13 of them are private-equity-backed. Typical commercial cleaning acquisitions price at 3x-8x EBITDA (2.5x-4.5x SDE for smaller owner-operated businesses), per published ranges from Sofer Advisors, Three Sixty Seven Advisors and others. The most recent named acquisition tracked on this page closed in August 2026.

17
named consolidators tracked
13
private-equity-backed
3x-8x
typical EBITDA multiple (published ranges)
Aug 2026
most recent named acquisition

Why commercial cleaning companies are consolidating

$112B
U.S. janitorial services industry, 2026 (IBISWorld via Three Sixty Seven Advisors)
~1M
U.S. janitorial businesses
16
Acquisitions by 4M Building Solutions since Jan 2023
  • •U.S. commercial janitorial services is a roughly $112 billion industry made up of about 1 million businesses, which makes it one of the most fragmented service categories in the lower middle market, according to Three Sixty Seven Advisors' May 2026 industry report (citing IBISWorld).
  • •The five largest global contract cleaners (ABM, ISS, Sodexo, Compass and Aramark) hold about 30% of global contract-cleaning revenue, leaving more than 70% to regional and local operators, according to Three Sixty Seven Advisors.
  • •Facility services, a deal category that covers janitorial alongside HVAC, plumbing, pest control and other trades, averaged about 205 M&A transactions a quarter from Q3 2019 to Q3 2024, a pace driven by market fragmentation, according to Meridian Capital's Winter 2025 Facility Maintenance and Janitorial Services M&A Market Update.
  • •In a survey of 1,022 commercial cleaning companies, ongoing contracts produced 53% of revenue, according to Aspire's 2025 Commercial Cleaning Insights report.
  • •A single platform, 4M Building Solutions, completed 16 acquisitions between O2 Investment Partners' January 2023 investment and July 2026, according to O2 Investment Partners.

The platforms consolidating commercial cleaning companies

The named groups acquiring US commercial cleaning businesses, with their current owner and a source for each. Most grow through individual partnerships that are not separately disclosed; where a platform publishes named deals, recent ones are listed.

AcquirerOwner / backerTypeHeadquartersLatest named deal
4M Building SolutionsO2 Investment PartnersPrivate equitySt. Louis, MOJul 2026
GDI Integrated Facility ServicesBirch Hill Equity Partners and Gestion Claude Bigras Inc. (controlled by CEO Claude Bigras); take-private closed Mar 2, 2026Private equityLaSalle, QCDec 2025
Marsden ServicesPrivately owned (founded by Skip Marsden in 1952)Strategic / family-ownedSt. Paul, MNAug 2025
Kellermeyer Bergensons Services (KBS)KKR, Ares Management and BlackRock (majority equity holders after the Mar 2024 recapitalization)Private equityOceanside, CAApr 2022
Diversified Maintenance (Allied Universal)Allied Universal (acquired Mar 2025). CDPQ (La Caisse) became Allied's largest shareholder in 2019, alongside Warburg Pincus.Private equityTampa, FLJul 2024
The Facilities Group (TFG)Greenbriar Equity Group and Revolent Capital SolutionsPrivate equityTampa, FLNov 2023
Pritchard IndustriesLittlejohn & Co. (owner since Oct 2021)Private equityNew York, NYDec 2023
Kleen-Tech ServicesRainier PartnersPrivate equityDenver, CO—
Clean TeamFounder and CEO Bob Armbruster (majority); Blue Sage Capital (investment, Sep 2026)Strategic / family-ownedToledo, OHNov 2025
Sizemore, Inc.Inspirit Equity (majority, Jan 2026)Private equityAugusta, GAJul 2026
CCS Facility ServicesSilver Oak Services PartnersPrivate equityDenver, COJul 2026
Scopes Facility ServicesWestbridge CapitalPrivate equityAlpharetta, GAAug 2025
SoftBank Robotics AmericaSoftBank Robotics Group (holding company for SoftBank Group's robotics businesses)Strategic / publicSan Francisco, CAMar 2026
H&B Facility ServicesBoyne CapitalPrivate equityLake Hiawatha, NJ—
XanitosBessemer Investors (Dec 2025; bought from Angeles Equity Partners)Private equityNewtown Square, PA—
Perfect Building Maintenance (PBM)Privately held, family-ownedStrategic / family-ownedNew York, NYAug 2026
NAWA Professional Services (formerly CSM Services)Gun Lake Investments (economic development arm of the Gun Lake Tribe)Private equityGrand Rapids, MIFeb 2024

4M Building Solutions

Private equity
Owner
O2 Investment Partners
Headquarters
St. Louis, MO
Scale
27 states in the Midwest, Northeast, Southeast and West; more than 7,000 team members
Recent acquisitions
Bluegrass Commercial Cleaning (Mayfield, KY, Jul 2026); Rainbow Maintenance Services (Elgin, IL, Jul 2026); Calvary Building Services (Grand Rapids, MI, Aug 2025); FKI Cleaning Services (Washington, MO, Jul 2025); Miracle Clean Services (Akron, OH, Jun 2025); Brokate Janitorial (Springfield, MO, Apr 2025); Covenant Building Service (Hendersonville, TN, Nov 2024); Thario Building Services (Green Bay, WI, Aug 2024); Hi-Tec Building Services (Jenison, MI, Jul 2024); SG360 (Overland Park, KS, May 2024); Horizon Services Corp. (East Hartford, CT, Mar 2024) (source)

O2 says Bluegrass and Rainbow were 4M's 15th and 16th acquisitions since its January 2023 investment. All Clean Services (Ponte Vedra Beach, FL) says on its own site that 4M acquired it in 2025, but gives no month. One or two of the 16 deals since 2023 were not identified from a primary source.

GDI Integrated Facility Services

Private equity
Owner
Birch Hill Equity Partners and Gestion Claude Bigras Inc. (controlled by CEO Claude Bigras); take-private closed Mar 2, 2026
Headquarters
LaSalle, QC
Scale
nearly 30,000 employees across North America
Recent acquisitions
Performance Environmental Services (CT, Dec 2025); Northeast Services (operates in MA, RI and NH; Dec 2025); Paramount Building Solutions (Phoenix, AZ, May 2024) (source)

Headquartered in Canada. GDI was listed on the Toronto Stock Exchange (TSX) when it made the U.S. deals shown here; its shares were delisted around March 3, 2026. The 'nearly 30,000 employees' figure comes from gdi.com/about-us.

Marsden Services

Strategic / family-owned
Owner
Privately owned (founded by Skip Marsden in 1952)
Headquarters
St. Paul, MN
Scale
80+ office locations; 10,500+ employees
Recent acquisitions
Advance Janitorial (Wisconsin Rapids, WI, Aug 2025, via subsidiary CleanPower); Holland Building Services (Toledo, OH, 2025); 1 Stone Solutions (Houston, TX, Sep 2024); Spencer Building Maintenance (Sacramento, CA, Jul 2024) (source)

Marsden's own pages say 'privately owned', not 'family-owned'. Three Sixty Seven Advisors calls it a family-owned strategic buyer. Its 2024 security and mechanical deals (HUB Enterprises, Feldkamp, MetalCraft, Cambridge Security accounts) are left out.

Kellermeyer Bergensons Services (KBS)

Private equity
Owner
KKR, Ares Management and BlackRock (majority equity holders after the Mar 2024 recapitalization)
Headquarters
Oceanside, CA
Scale
more than 100,000 client locations throughout North America
Recent acquisitions
Kimco Facility Services (Atlanta, GA, Apr 2022) (source)

The largest by reach. No 2024–2026 add-on acquisition and no later ownership change was found (KBS named a new board member in Aug 2026). Cerberus backed KBS before the 2024 recapitalization.

Diversified Maintenance (Allied Universal)

Private equity
Owner
Allied Universal (acquired Mar 2025). CDPQ (La Caisse) became Allied's largest shareholder in 2019, alongside Warburg Pincus.
Headquarters
Tampa, FL
Scale
Not disclosed
Recent acquisitions
Facility Maintenance of America (operates in VA, DE, NC, SC, TN, MS and GA; Jul 2024); First Maintenance (Tulsa, OK, May 2024); Facility Concierge Services (PA, Feb 2024) (source)

The direct owner is Allied Universal, a security and facility services company backed by a pension fund (CDPQ) and private equity (Warburg Pincus). The shareholder mix is from 2019 La Caisse and PE Professional reports and was not re-confirmed for 2026. The Tampa HQ comes from Diversified's press-release datelines. Its Critical Clean (Mar 2025) and NJBS (Nov 2024) deals are called partnerships.

The Facilities Group (TFG)

Private equity
Owner
Greenbriar Equity Group and Revolent Capital Solutions
Headquarters
Tampa, FL
Scale
25+ U.S. field offices (TFG website)
Recent acquisitions
United Service Companies (Chicago, IL, Nov 2023) (source)

No 2024–2026 janitorial add-on was found. Its 2025–2026 news covers combinations of its own subsidiaries: EBM with CSI (2025), and Total Facility Care with Summit Service Group (effective Jan 1, 2026). The Tampa HQ comes from Greenbriar's 2022 investment release.

Pritchard Industries

Private equity
Owner
Littlejohn & Co. (owner since Oct 2021)
Headquarters
New York, NY
Scale
13,000+ employees; 1,000+ clients; 26 states
Recent acquisitions
ACP Facility Services (location not stated, Dec 2023) (source)

The April 2026 release still calls Pritchard a Littlejohn portfolio company. No 2024–2026 janitorial add-on was found. The New York HQ comes from Preqin and Mergr profiles.

Kleen-Tech Services

Private equity
Owner
Rainier Partners
Headquarters
Denver, CO
Scale
operations across more than 30 states; approximately 2,000 employees

Kleen-Tech goes to market under nine brands, and Rainier says it will pursue strategic M&A. In January 2026 Rainier named Moses DeBord CEO. No add-on has been announced since the September 2025 deal.

Clean Team

Strategic / family-owned
Owner
Founder and CEO Bob Armbruster (majority); Blue Sage Capital (investment, Sep 2026)
Headquarters
Toledo, OH
Scale
18 branches across 13 states
Recent acquisitions
Jack Laurie Cleaning Services (Indianapolis, IN, Nov 2025); Provantage (Columbus, OH, Mar 2025); Duncan & Sons' Building Maintenance (Knoxville, TN, Aug 2024) (source)

Classed as founder-owned because the founder keeps majority ownership. Blue Sage says Clean Team has integrated 13 add-on acquisitions, and its investment funds a 'disciplined acquisition strategy'.

Sizemore, Inc.

Private equity
Owner
Inspirit Equity (majority, Jan 2026)
Headquarters
Augusta, GA
Scale
operates across the Southeastern U.S.; Carlson adds 250+ locations in 10 states
Recent acquisitions
Carlson Building Maintenance (Minneapolis, MN, Jul 2026) (source)

Has janitorial, security and staffing divisions. Sizemore signed the Carlson agreement on July 15, 2026 and says it closed on July 27, 2026.

CCS Facility Services

Private equity
Owner
Silver Oak Services Partners
Headquarters
Denver, CO
Scale
14 states (Ohio, entered June 2026, is 'its fourteenth state')
Recent acquisitions
Alabama Cleaning Service (Decatur, AL, Jul 2026) (source)

The June 2026 entry into Ohio was organic expansion, not an acquisition. CCS calls the Alabama deal an 'addition' and a 'transaction'.

Scopes Facility Services

Private equity
Owner
Westbridge Capital
Headquarters
Alpharetta, GA
Scale
over 1,000 self-performing associates; operations at over 8,000 sites annually
Recent acquisitions
Building Maintenance Services, Inc. (Kennesaw, GA, Aug 2025) (source)

Provides interior and exterior facility services. Westbridge is a Canadian private equity firm and says BMS is Scopes' third acquisition since 2019.

SoftBank Robotics America

Strategic / public
Owner
SoftBank Robotics Group (holding company for SoftBank Group's robotics businesses)
Headquarters
San Francisco, CA
Scale
Not disclosed
Recent acquisitions
Green Clean Commercial (St. Charles, MO, Mar 2026) (source)

A robotics company that bought a janitorial operator to launch its Smart Building X (SBX) services model. Green Clean keeps operating under its own brand, 'powered by SBX'.

H&B Facility Services

Private equity
Owner
Boyne Capital
Headquarters
Lake Hiawatha, NJ
Scale
Not disclosed

A new platform launched in May 2026, with no add-ons announced yet. Boyne's portfolio page says it is 'seeking add-on acquisitions in facility services, focused specifically on commercial cleaning and janitorial services'.

Xanitos

Private equity
Owner
Bessemer Investors (Dec 2025; bought from Angeles Equity Partners)
Headquarters
Newtown Square, PA
Scale
more than 3,700 employees

A hospital environmental-services (housekeeping) specialist, not a general commercial janitor. Bessemer says the deal 'establishes a new platform', but no add-ons have been announced. Angeles says it 'sold' Xanitos, while Bessemer calls its stake a 'significant investment' and gives no size.

Perfect Building Maintenance (PBM)

Strategic / family-owned
Owner
Privately held, family-owned
Headquarters
New York, NY
Scale
Not disclosed
Recent acquisitions
Cobalt Janitorial Services (Miami, FL, Aug 2026) (source)

The release says 'Like PBM, Cobalt Janitorial Services is a privately held, family-owned business'. PBM calls itself one of the country's largest privately held real estate services companies.

NAWA Professional Services (formerly CSM Services)

Private equity
Owner
Gun Lake Investments (economic development arm of the Gun Lake Tribe)
Headquarters
Grand Rapids, MI
Scale
Michigan and northern Indiana; nearly 300 employees
Recent acquisitions
Custodial Housekeeping Staffing Inc. (Grand Rapids, MI, Feb 2024) (source)

Owned by a tribal economic development corporation. That is treated like a family office here, so it is classed as private equity. A small regional platform; its one add-on had about 15 employees.

Frequently asked

Who is buying janitorial companies right now?

The most active buyer is 4M Building Solutions, backed by O2 Investment Partners. In July 2026 it made its 15th and 16th acquisitions since January 2023: Bluegrass Commercial Cleaning (Mayfield, KY) and Rainbow Maintenance Services (Elgin, IL). Other 2025–2026 buyers include CCS Facility Services (Silver Oak Services Partners), Sizemore (Inspirit Equity), Scopes Facility Services (Westbridge Capital), Clean Team, Marsden Services, GDI Integrated Facility Services, SoftBank Robotics America and Perfect Building Maintenance.

What multiple will a small janitorial company sell for?

Sofer Advisors says owner-operated commercial cleaning businesses with strong recurring contracts sell for 2.5x–4x SDE, and HedgeStone Business Advisors cites 2.5x–4.5x SDE. On EBITDA, Sofer and Breakwater M&A both cite 3x–5x and HedgeStone cites 3.5x–7x. Three Sixty Seven Advisors says businesses with under $5M of EBITDA cluster at 5–8x, and premium platforms reach 8–12x.

What makes a janitorial company worth more to a buyer?

Meridian Capital's valuation benchmarks for facility and industrial services reward more than 70% recurring revenue, no customer above 10% of revenue, EBITDA margins above 20%, a multi-state footprint and a non-union workforce. Sofer Advisors adds management depth and less dependence on the owner. More than 50% of revenue from one customer, margins under 10% or a significant union labor base push the price down.

Are private equity firms still starting new janitorial platforms?

Yes. Boyne Capital launched a commercial cleaning platform with H&B Facility Services (Lake Hiawatha, NJ) in May 2026, and Inspirit Equity bought a majority of Sizemore (Augusta, GA) in January 2026. Bessemer Investors bought hospital cleaner Xanitos in December 2025 as a new platform, and Rainier Partners invested in Kleen-Tech Services (Denver) in September 2025. Three Sixty Seven Advisors expects 2–4 new lower-middle-market janitorial platforms to launch each year through 2027.

Can I sell to a buyer that is not private equity?

Yes. Privately owned Marsden bought Spencer Building Maintenance (Sacramento, CA) and 1 Stone Solutions (Houston, TX) in 2024, and its CleanPower subsidiary bought Advance Janitorial (Wisconsin Rapids, WI) in August 2025. Family-owned Perfect Building Maintenance bought Cobalt Janitorial Services (Miami, FL) in August 2026. SoftBank Robotics America bought Green Clean Commercial (St. Charles, MO) in March 2026, and GDI bought two New England operators in December 2025 while it was still listed on the Toronto Stock Exchange.

Do I have to give up control to take outside capital?

Not always. When Blue Sage Capital invested in Clean Team (Toledo, OH) in September 2026, founder Bob Armbruster kept majority ownership and stayed on as CEO. Three Sixty Seven Advisors says independent sponsors and family offices are often more flexible on deal structure (rollover equity, seller notes, earn-outs) and are often the right outcome for founders who want to stay involved after the sale.

Methodology & sources

Adversarial re-check done October 5, 2026. 47 pages were read in full: about 44 press releases, company pages and advisor pages through WebFetch, plus three advisor PDFs (Three Sixty Seven Advisors, Meridian Capital, Aspire) downloaded and searched as text. Twenty-two Parallel searches added about 215 result excerpts. These were used for pages that block fetches (Business Wire, Hartford Business, Sofer Advisors, St. Louis Business Journal) and for checking ownership changes. Built-in WebSearch was not used. Every platform's current owner was checked against a 2025–2026 source, or a search for a later sale. Deals were kept only where a source read in this run named a U.S. janitorial target, an acquirer and a date. Where a target's location was not in a source, it was left empty.

Multiple sources

Market sources

Last updated October 6, 2026. Platform ownership last verified October 6, 2026. Ownership in this sector changes frequently; figures reflect the most recent public sources available and are not investment, legal, or tax advice.

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