Giant Enterprises, Inc. has been acquired by Kept Companies, Inc.
Northern Edge Advisors is pleased to announce the recent sale of Giant Enterprises, Inc. to Kept Companies, Inc.
Founded in 1993 and based in the greater Atlanta area, Giant Enterprises, Inc. (“Giant” or the “Company”) is a robust waste services provider that specializes in ambient scenting/odor control and waste infrastructure installation services as well as high quality, timely repair and maintenance services, to numerous end-markets. The Company provides installation and maintenance services to multi-family properties, hospitals, universities, commercial properties, municipal buildings, churches, general contractors, and more.
Giant has established itself as a one-stop shop for all things waste management and sanitation. The Company prides itself on its high-quality services, continuous improvement, and exemplary customer satisfaction.
Kept Companies (“Kept”) is the nation’s leading provider of mobile power washing, specialty cleaning, and maintenance services to commercial, industrial, transportation and government markets. Formerly known as Fleetwash, Kept leverages its best-in-class technology and industry-largest fleet of specialized vehicles and equipment to target recurring maintenance services that drive safety, operability, maintenance cost reductions, brand imaging and loss prevention value to its customers.
Headquartered in Fairfield, NJ, with over 130 Company-owned and franchised locations nationwide, Kept has been in business for over 50 years, has completed over 120 acquisitions, and is the dominant provider of critical asset washing and maintenance services in America. Beyond its original roots in truck and vehicle washing (still operating under the Fleetwash and Fleet Clean brands), the majority of Kept’s broad range of services extends to bridge, retail and distribution facilities, HVAC coils, solar panels, dumpsters and compactors, food refrigeration units, pallets, sidewalks and parking areas, shopping cart fleets, restaurant range hoods, windows, and numerous other applications.
Northern Edge Advisors served as the exclusive financial advisor to Giant Enterprises, Inc.
This transaction, which is among several recent completions advised by Northern Edge, highlights our expertise in a range of areas, including:
- Thoughtful market positioning and extensive buyer outreach resulting in interest from strategic and financial buyers and a highly competitive process;
- Expertise in navigating continued market turbulence in the aftermath of the pandemic;
- Creative structuring to accommodate different shareholder objectives.
Following a well-designed and managed transaction process, the owners of Giant chose Kept as their company’s buyer, motivated in part by the complementary nature of their services but also because of shared company values and a strong commitment to their employees and customer base. Kept Companies have a large footprint of offices and locations that represent potential growth opportunities for the Giant employees.
The acquisition of Giant allows Kept to expand its line of services, customer base, and geographic footprint. Furthermore, this partnership creates cross-selling opportunities for both buyer and seller.