Valet Living Expands Its Presence in Texas with Acquisition of Value Waste Services

Rhea-AI Summary

Valet Living, a leading provider of amenities to the multifamily housing sector, has acquired Value Waste Services, enhancing its footprint in Texas by adding over 23,000 homes to its existing portfolio of more than 1.5 million homes. This acquisition complements Valet Living's growth strategy following the recent purchase of Skinner Waste Solutions. The integration of Value Waste Services' doorstep trash and recycling solutions aligns with Valet Living’s commitment to excellent client care and innovative technology.

Positive

• Acquisition adds over 23,000 homes to Valet Living's portfolio.
• Strengthens market presence in Texas following recent acquisitions.
• Plans to retain over 90 employees from Value Waste Services, ensuring service continuity.

Negative

• None.

AUSTIN, Texas, July 21, 2020 /PRNewswire/ -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, today announced the acquisition of door-to-door trash and recycling service Value Waste Services, adding more than 23,000 homes to Valet Living's portfolio of more than 1.5 million homes.

The acquisition of Texas-based Value Waste Services will include its doorstep trash and recycling valet trash solutions, as well as maintenance support to their residential communities. Founded in 2017 by graduates of Texas A&M University, John Claybrook and Brian Skulski, Value Waste Services serves communities in Austin, Houston, San Antonio, Dallas and College Station, further growing Valet Living's market share in Texas. 

"On the heels of our recent successful acquisition of Skinner Waste Solutions, the acquisition of Value Waste Services marks another progressive step towards bringing our elite amenity services to more communities and expanding our national footprint," said Shawn Handrahan, President and Chief Executive Officer of Valet Living. "The Value Waste Services team is committed to providing its communities with a wide range of services leveraging innovative technology, and we are fortunate to help the company achieve its vision of offering the high-level client care that it has always put first."

"We're proud of what we've built and feel confident that Valet Living will be a great home for our clients and associates," said Value Waste Services Owner and Chief Executive Officer, Claybrook and Co-founder Brian Skulski. "We've built our business on the principals of world-class customer service and extreme care for our associates. Both are traits we see upheld by Valet Living."

Valet Living plans to retain more than 90 Value Waste Services associates who will continue to serve those seeking excellence in a property management partner locally. This Texas-based acquisition adds more than 23,000 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, (813) 331-0680, nikita.bhappu@valetliving.com

 

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SOURCE Valet Living

FAQ

What is the significance of Valet Living's acquisition of Value Waste Services?

The acquisition significantly increases Valet Living's service portfolio by adding over 23,000 homes, enhancing its market share in Texas.

How does the acquisition affect Valet Living's operations?

Valet Living aims to integrate Value Waste Services' door-to-door solutions into its offerings, expanding its service capabilities and innovative technology.

What was the motivation behind Valet Living's acquisition of Value Waste Services?

Valet Living seeks to enhance its service reach and client care by acquiring Value Waste Services, which offers established doorstep trash solutions.

When was the Value Waste Services acquisition announced?

The acquisition was announced on July 21, 2020.

How will the acquisition impact Valet Living's clients?

Clients will benefit from expanded service offerings and improved customer care through the integration of Value Waste Services.