Silver Oak Sells CCS to Wind Point

EVANSTON, IL -- Silver Oak Services Partners, LLC, a private equity firm focused on business, consumer and healthcare services companies, has sold its portfolio company CCS Facility Services to Wind Point Partners.

Founded in 1988 and headquartered in Denver, CO, CCS is a provider of janitorial and broader facility services to a diverse set of end markets, including commercial real estate, healthcare, education, government, corporate campuses and other sectors.

The company offers an array of contracted, recurring facility services across 22 markets in 15 states throughout the Western, Southwestern and Midwestern U.S.

Silver Oak made its original investment in CCS in 2015 and recapitalized the Company alongside management in December 2021. During Silver Oak’s ownership, CCS made numerous strategic investments to strengthen and grow the business, including scaling a vertically specialized sales force targeting both local and national accounts, opening seven de novo branches in attractive new geographies, completing and integrating three add-on acquisitions, launching a new facility engineering service line, bolstering the senior management team and implementing a new ERP and work order management platform.

Over this period, the Company expanded its footprint from three to 15 states, more than doubled its workforce to over 7,300 employees and more than quadrupled revenue to over $360 million, achieving a 12 percent annual organic revenue growth rate over the past 11 years.

“It has been a privilege to partner with Troy and the entire CCS organization,” said Greg Barr, Managing Partner at Silver Oak. “Through a series of strategic investments in the team and infrastructure, CCS has built a distinctive model that sets the standard in janitorial services. The business is exceptionally well positioned for its next phase of growth, and we wish the team well in their new partnership with Wind Point Partners.”

Troy Coker, CEO of CCS, added, “Over the past eleven years, we have worked alongside Silver Oak to build CCS into one of the best companies in our industry. Silver Oak has been an exceptional partner, and I could not be more proud of what we have accomplished together.

“Our success has come from an incredible team of people who share a relentless drive to be the best, an unwavering commitment to our customers, and a willingness to do the hard work that makes a difference. We have built something very special together, and as proud as I am of what we have accomplished, I am even more excited about what lies ahead.”

Harris Williams served as exclusive financial advisor and Troutman Pepper Locke LLP served as legal counsel to CCS and Silver Oak.

Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners (www.silveroaksp.com) is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer and healthcare service companies.