Atlantic Street Capital, a private equity firm focused on entrepreneurial businesses, has made its latest platform investment in Fund IV in ACIS.
ACIS is a growing commercial facility services provider based out of Texas. The firm is an outsourced partner for its customers and provides preventative maintenance, on-call services, and scheduled repairs on essential mechanical controls. ACIS relies on its customer centric operating model and strong employee culture to derive quality service and continued growth.
“We have had an active thesis in commercial facility services for over a year and knew as soon as we met Mike Nichols, co-founder and CEO of ACIS, that he had created something special and that we could help unlock his goals and ambitions to build a world-class, service-first organization,” commented Phil Druce of ASC.
“In partnering with Atlantic Street, we are getting a partner that understands all aspects of our business but also brings an operational horsepower through their operating advisor team that will allow us to build a better business,” commented Nichols. “Most importantly, their willingness to roll up their own sleeves to work alongside us in the trenches gave me great confidence that they were the right partner for us. We are proud of what we have built, but we know our best days are way ahead of us.”
Citizens M&A Advisory acted as financial advisor and Faegre Drinker acted as legal advisor to ACIS and their affiliates. Bank of Montreal provided credit support and Kramer Levin acted as legal advisor to Atlantic Street.