Janney Advises Horizon Facilities Services, LLC on its Sale to Slate Capital Group
July 22, 2019 – Janney Montgomery Scott LLC (“Janney”) is pleased to announce that it has served as the exclusive financial advisor to Horizon Facilities Services, LLC (“HFS”), an outsourced logistics and facilities services company, on its sale to Slate Capital Group (“Slate”). HFS’ business includes its largest division, Managed Labor Solutions, a leading provider of full-service logistics to rental car agencies, and Professional Maintenance Co., Inc., a leading Mid-Atlantic janitorial services firm. HFS’ consistent growth over the last five years, combined with its ability to successfully deliver improved car rental operations, cost reductions, and greater end-customer satisfaction, were key drivers of the acquisition.
Financing for the transaction was provided by Gladstone Investment Corporation. Fox Rothschild LLP served as legal advisor to HFS and Benesch, Friedlander, Coplan & Aronoff LLP served as legal advisor to Slate.
About Horizon Facilities Services, LLC
HFS, founded in 2009 and headquartered in Allentown, Pennsylvania, is a leading provider of outsourced logistics services and labor management to car rental agencies nationally, and commercial janitorial services to corporate, government, and industrial facilities in the Mid-Atlantic. Originally founded through the acquisition of a janitorial business in 2009, HFS leveraged its niche industry focus and is now a leading provider of outsourced services to the car rental industry.
About Slate Capital Group
Slate is an independent investment firm focused on the acquisition of business services companies headquartered in the Eastern United States. Slate seeks to partner with companies led by accomplished, entrepreneurial management teams committed to taking their companies to the next level