Valet Living Acquires Skinner Waste Solutions to Expand Its Presence in Southeast United States

Rhea-AI Summary

Valet Living has acquired Skinner Waste Solutions, expanding its portfolio by over 30,000 homes. This acquisition enhances Valet Living's service offerings in the southeast, including doorstep trash and recycling services. Skinner Waste Solutions has established a strong presence in Florida, Georgia, and Alabama since its founding in 2014. The deal aims to strengthen Valet Living's reputation in the multifamily housing industry, with plans to retain all 100+ Skinner employees.

Positive

• Acquisition of Skinner Waste Solutions expands Valet Living's portfolio by over 30,000 homes.
• Enhances service offerings including doorstep waste and recycling solutions.
• Strengthens presence in Southeast and reinforces reputation in the multifamily residential industry.

Negative

• None.

TAMPA, Fla., July 1, 2020 /PRNewswire/ -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, today announced the acquisition of doorstep waste and recycling provider, Skinner Waste Solutions, adding over 30,000 homes to Valet Living's portfolio of over 1.5 million homes. 

The acquisition of the Florida-based amenity service provider will include its valet doorstep trash and recycling solutions, bulk removal, as well as community beautification services

"Despite tough economic times across the country, Valet Living's ability to adjust and thrive is furthered by this latest acquisition of Skinner Waste Solutions," said Shawn Handrahan, President and Chief Executive Officer of Valet Living. "Skinner Waste Solutions will not only advance our presence in the southeast, but also reinforce our top-tier reputation in the multifamily residential industry with its history of professionalism and reliability."

Founded in Jacksonville, Florida, in 2014, Skinner Waste Solutions has built an extensive presence in Florida, Georgia and Alabama. Like Valet Living, who sets the standard for multifamily communities, Skinner Waste Solutions has long been known for its dependability, professionalism, and integrity.

"We are extremely excited about joining forces with Valet Living," said Russell Skinner, Jr., President of Skinner Waste Solutions. "This will provide our existing customers with an extensive range of services and technologies that we simply were not able to provide. We are confident Valet Living will continue to offer our clients the same high level of customer service that Skinner Waste Solutions has prioritized, and our family business will be in good hands."

Valet Living plans to retain 100+ Skinner Waste Solutions associates, who will continue to serve those seeking excellence in a property management partner nationally. The acquisition will add over 30,000 homes to Valet Living's elite list of clients. 

To learn more about Valet Living, please visit www.valetliving.com.

About Valet Living
Valet Living is the only nationally-recognized full-service amenities provider to the multifamily housing industry, performing more than 340 million events annually across 1.5 million apartment homes and 40 states. Through its Valet Living Home app-enabled resident amenity service offering and its doorstep waste & recycling collection, turns, maintenance and pet solutions, Valet Living is also the only company in the multifamily industry to combine doorstep waste and recycling collection with both sustainability-related and premium home-related services. Valet Living has been setting the standard for residential living since 1995 and is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE:ARES) and Harvest Partners, LP.

Contact:
Nikita Bhappu
832-654-3961
nikita.bhappu@valetliving.com

 

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SOURCE Valet Living

FAQ

What is the strategic importance of Valet Living's acquisition of Skinner Waste Solutions?

The acquisition enhances Valet Living's service offerings and expands its market presence in the Southeast.

How many homes will Valet Living have after acquiring Skinner Waste Solutions?

The acquisition adds over 30,000 homes to Valet Living's existing portfolio of over 1.5 million homes.

What services will Skinner Waste Solutions provide under Valet Living?

Skinner will continue to provide valet doorstep trash and recycling solutions, along with bulk removal and community beautification services.

What is the future outlook for employees after the acquisition?

Valet Living plans to retain 100+ Skinner Waste Solutions associates post-acquisition.

When was the acquisition of Skinner Waste Solutions announced?

The acquisition was announced on July 1, 2020.