Littlejohn Capital Announces Sale of Hospitality Staffing Solutions
LJC Investments I, LLC, an investment vehicle controlled by Littlejohn Capital, LLC (“Littlejohn Capital”), today announced the sale of Hospitality Staffing Solutions, LLC (HSS), a hospitality staffing and outsourced solutions provider, to Kellermeyer Bergensons Services, LLC.
HSS’s comprehensive service offerings provided to national, highly respected hospitality brands include supplemental staffing services, such as housekeeping, food service, laundry and groundskeeping to resorts, hotels, and casino clients; outsourcing solutions that manage hiring, training, payroll, and day-to-day management responsibilities, and; a full suite of janitorial cleaning solutions.
Littlejohn Capital, together with Caymus Equity Partners, acquired HSS in 2014 and the company has since opened new geographic markets, expanded into new industry verticals as well as completed several add-on acquisitions. The senior management team was strengthened with the addition of Tim McPherson as CEO and Vince Lombardo as CFO. As a result, HSS is today the nation’s leading supplier of talent to the Hotel and Resort industry, with operations in 38 states and Puerto Rico supporting more than 1,000 properties.
Tim McPherson, CEO of HSS, said, “Our partnership with the Littlejohn Capital, Caymus, and the entire team has been very productive and enabled us attract a world-class management team to expand our company’s reach and services to outstanding resorts, hotels, casino properties, and more. We are very well positioned as an integral part of KBS to benefit from the positive ongoing industry dynamics and see many opportunities to build on our progress even further with augmented service offerings, entry into new geographies, and pursuit of select acquisition targets.”
Angus C. Littlejohn III, Director of Littlejohn Capital, said: “HSS is an example of our ability to source unique investment opportunities and utilize a combination of operating and financial skill sets that will lead companies to their next stage of development. Working with Tim and his team during our investment period we leveraged HSS’s experience and national scale to create the leading provider of solutions that deliver an attractive and more economical solution for their customers’ hospitality management needs.”
Headquartered in Oceanside, California, KBS is a provider of technology-enabled, integrated facility management services to customers across North America. With its differentiated technology and comprehensive suite of facility services, the Company delivers high-quality and cost-effective solutions to customers in the industrial, commercial, logistics, retail, and grocery sectors.
BB&T served as financial adviser to HSS and Morrison Cohen LLP provided legal counsel on the transaction.