Small Business Deal Advisors is pleased to announce the sale of Grand Rapids, MI-based Century Flooring & Cleaning’s Janitorial Division to Clean Team Inc. of Toledo, OH!
Founded in 2003, Century Flooring & Cleaning (or “Century”) is a flooring contractor and cleaning services company. The company provides commercial and residential flooring services and assists each customer through the entire process from selection and design to installation, maintenance, and cleaning.
Century added its janitorial services division a few years after the company’s founding. This division experienced great success over the years servicing hospitals, restaurants, corporate offices, and educational facilities in West Michigan. The company built a loyal customer base of recurring clients, many of which started as flooring design and installation clients.
Ready to redirect their energy to focus solely on flooring sales and installation, management at Century Flooring & Cleaning engaged Small Business Deal Advisors to assist in finding a new owner for their janitorial services division and completing a transaction.
“We found a great buyer right off the bat. The buyer and seller hit it off really well and the entire deal ran seamlessly,” commented Scott Nicholson, Mergers and Acquisitions Advisor at Small Business Deal Advisors.
Clean Team, Inc. is a leading commercial janitorial company based in Ohio. The company, which appeared on the 2021 Inc. 5000 Annual List Of America’s Fastest-Growing Private Companies, provides cleaning services to hospitals, educational facilities, manufacturing facilities, government buildings, corporate offices, fulfillment centers, and more.
Clean Team has 14 offices based in Ohio, Michigan, Indiana, and New Jersey. The acquisition of Century Flooring & Cleaning’s Janitorial Services division will allow Clean Team Inc. to expand its reach in West Michigan.
SBDA partner, Matt Baas, added, “We’re pleased with how this process played out. Century is a well known and respected name in the area and Clean Team is an ideal partner to further scale the business. Congratulations to all involved.”
Small Business Deal Advisors advised Century Flooring & Cleaning on the sale of its janitorial division through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. The transaction was managed by SBDA associate, Scott Nicholson.
Terms of the transaction were not disclosed.