Soundcore Capital Partners, LLC (“Soundcore” or “Soundcore Capital”), a control-oriented, New York-based private equity firm that invests in lower middle market businesses, announced that its portfolio company Sweeping Corporation of America, Inc. (“Sweeping Corp.” or “SCA”) has completed the acquisition, in partnership with management, of Sky Sweeping, LLC (“Sky Sweeping”, “Sky” or “the Company”). Sky Sweeping is Soundcore’s second add-on acquisition to the Sweeping Corp. platform, and the firm’s fourth acquisition of 2017. Terms of the transaction were not disclosed.
Headquartered in Louisville, Ohio, Sky Sweeping is a leading provider of parking lot, street and industrial sweeping as well as several ancillary services including parking garage cleaning, special event clean-up, and porter services. Servicing over 3,500 parking lots per month, the Company brings over a decade of industry expertise, reliability, rapid response time and consistent customer satisfaction to the Ohio, western Pennsylvania and southeastern Indiana regions of the United States.
Chris Valerian, the CEO of Sweeping Corp, added, “We have been privileged to partner with the talented Sky Sweeping team over the past few months, and look forward to contributing to the future growth and continued success of the business over the years to come. Since inception, Sky Sweeping’s focus on innovation, coupled with timely, thorough and dependable service, has created a strong foundation for success. We are very excited to welcome Sky, and its customers, to Sweeping Corp.”
“Situated in central Ohio, and in close proximity to Sweeping Corp.’s new headquarters in Cleveland, Sky is a strategic initiative for the SCA platform,” said Soundcore Capital’s Head of Deal Origination and Principal, Erik Emmett. “As a new market-entry, this acquisition aligns with our thesis and buy-and-build approach of creating a national footprint through expansion into major metropolitan areas throughout the United States.”