Sweeping Industry News Bulletin
Soundcore Capital Partners Announces Acquisition of Reilly Sweeping, Inc.
Cleveland, OH – August 2017
Sweeping Corporation of America ("SCA"), a Soundcore Capital Partners ("SCP") portfolio company, has acquired Fairless Hills, PA based Reilly Sweeping, Inc. ("RSI"). This combination forms the largest self-performing power sweeping company in the United States. With this acquisition, SCA now operates a fleet of 350 units through 21 locations in the eastern-half of the United States. Brothers Patrick, Sean and Michael Reilly have become shareholders in SCA and will continue in senior leadership roles.
SCA's President & CEO, Christopher Valerian, stated "RSI is one of the most respected companies in our industry. With a majority of its operations contiguous to our existing locations, RSI solidifies our leading position in these markets and further expands our platform for additional growth opportunities. We are extremely pleased that Patrick, Sean and Michael Reilly will continue to lead RSI, and we expect that RSI's support and commitments to its employees, customers, and the communities it serves throughout two generations of family ownership will be further strengthened under our stewardship."
Patrick Reilly added "My brothers and I look forward to joining forces with SCA and leveraging our combined resources to continue to provide our customers a great service. We believe SCA's culture, decentralized operating philosophy and growth focus fit well with RSI."
"The addition of RSI brings a multi-state, best-in-class company into our platform and meshes with our buy and build strategy in the power sweeping space. I am pleased with the progress we have made in acquiring great companies with proven leadership and look forward to continuing to scale the business" said Feliks Zarotsky, Managing Partner of Soundcore Capital Partners.
About SCA Sweeping Corporation of America:
Headquartered in Cleveland, OH, SCA Sweeping Corporation of America ("SCA") is the largest power sweeping company in the United States. Through its 400 customer focused employees, SCA self-performs parking lot, street, highway, construction, industrial and special events power sweeping as well as jet-vac services to private and government entities. SCA is a portfolio company of Soundcore Capital Partners. For more information on SCA, please visit www.sweepingcorp.com
About Reilly Sweeping, Inc.:
Since founding Reilly Sweeping, Inc. ("RSI") in 1971, Gerald M. Reilly has always believed that if a customer is pleased with our level of service, they will use us again. RSI provides the highest level of power street sweeping service with state-of-the-art equipment for every project we complete. As a family run business, RSI strives for complete customer satisfaction because our reputation is built on it and, without our customers, there would be no business. For more information on RSI, please visit www.reillysweeping.com
About Soundcore Capital Partners:
Soundcore Capital Partners is a New York City-based private investment firm specializing in control equity investments and leveraged buyouts of lower middle market North American headquartered businesses. The firm partners with exceptional management teams and creates long-term value for investors through a combination of operational improvements, internal growth initiatives, and strategic acquisitions. Soundcore primarily focuses on businesses with revenues that are recurring in nature and that are in fragmented industries with multiple acquisition roll-up opportunities. For additional information on Soundcore Capital Partners, please visit www.soundcorecap.com For information, contact: firstname.lastname@example.org
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