Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, today announced that its client, DENTCO, a leading provider of outsourced exterior services management, has been acquired by Powerhouse, a provider of national construction services, facility maintenance, and rollouts. Powerhouse is owned by Lincolnshire Management, a middle-market focused North American private equity firm. Charter Capital Partners principals served as exclusive M&A advisor to DENTCO.
Founded in 1977, DENTCO’s services include landscape management, snow and ice removal, parking lot maintenance, power sweeping, and dark store maintenance. The company utilizes a network of contractor partners across all 50 states and services over 8,000 active sites.
“We are delighted to have advised DENTCO on this transaction in the facility management space, and we are excited to see the growth from the combination of DENTCO and Powerhouse,” said Mark Streekstra, Director, Charter Capital Partners. “This is the culmination of over 40 years of effort from the DENTCO team, and we at Charter are thankful they trusted us to help them through this process.”
“Charter was instrumental in reaching this successful outcome. Their high-touch approach and guidance throughout the process proved integral in ensuring that we achieved our goals,” added Greg Dent, DENTCO’s Chairman of the Board. Read more at PR Newswire.