Harris Williams Advises ISS A/S on its Sale of a Portfolio of U.S.-Based, Single-Service Janitorial and Specialized Services Contracts to Argenbright Holdings

Rhea-AI Summary

Harris Williams recently advised ISS A/S on the sale of its U.S.-based single-service janitorial and specialized services contracts to Argenbright Holdings. The transaction will not affect other ISS services, including integrated facilities services. The deal aims to position the portfolio for growth under Argenbright's leadership. Harris Williams' Business Services Group facilitated the transaction, emphasizing their commitment to execution excellence and strategic value creation.

Positive

• Successful sale of U.S.-based single-service contracts by ISS A/S.
• Partnership with Argenbright Holdings expected to support business growth.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised ISS A/S (CPSE:ISS; ISS) on its sale of a U.S.-based portfolio of single-service janitorial and specialized services contracts to Argenbright Holdings. All other ISS businesses in the U.S., including integrated facilities services (IFS), cleaning and janitorial, aviation, and food service offerings, will remain unaffected by the transaction. ISS is a leading workplace experience and facility management company. The transaction was led by Derek Lewis, Brian Lucas, Taylor Morris, Pete Morgan and Brian Holden of the Harris Williams Business Services Group.

“It was a pleasure working with the ISS North American team and broader organization to find the right home for this portfolio of contracts. We look forward to watching the business grow under the leadership of Jason Pitcock, vice president, ISS North America Specialized Services, and in partnership with Argenbright Holdings,” said Taylor Morris, a director at Harris Williams.

“Argenbright Holdings is the ideal home for the business to continue to grow and provide outstanding service to its client base,” added Derek Lewis, a managing director at Harris Williams.

ISS is a leading workplace experience and facility management company. In partnership with customers, ISS drives the engagement and well-being of people, minimizes the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight, and service excellence at offices, factories, airports, hospitals, and other locations across the globe.

Argenbright Holdings is a privately held provider of workforce solutions in human capital-intensive industries headquartered in Atlanta, with decades of experience in security, aviation services and facilities services. Argenbright Holdings’ mission is to provide legendary service to their clients by delivering the personal attention expected of local service providers, as well as having strong processes, technology-driven solutions and national reach.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005459/en/

For media inquiries, please contact Julia Moore at media@harriswilliams.com.

Source: Harris Williams

FAQ

What recent transaction did Harris Williams conduct involving ISS A/S?

Harris Williams advised ISS A/S on the sale of its U.S.-based janitorial and specialized services contracts to Argenbright Holdings.

How will the sale of contracts affect ISS A/S's other services?

The sale will not affect other ISS services such as integrated facilities services.

Who were the advisors for the ISS A/S transaction?

The transaction was led by Harris Williams' Business Services Group.

What is the significance of the ISS A/S and Argenbright Holdings deal?

The deal positions the sold contracts for growth under Argenbright Holdings' leadership.