4M Building Solutions Acquires Hi-Tec Building Services and Thario Building Services
September 12 2024 - 6:00AM
Business Wire
O2 Investment Partners (www.o2investment.com) is pleased to
announce that 4M Building Solutions (“4M”), a leading full-service
commercial cleaning and janitorial services platform, has completed
the acquisition of Jenison, Michigan based Hi-Tec Building Services
(“Hi-Tec”) and Green Bay, Wisconsin based Thario Building Services
(“Thario”). Terms of the investments were not disclosed.
Hi-Tec is a full-service building maintenance and custodial
services company primarily servicing education, healthcare, and
state facilities, and Thario is a full-service commercial cleaning
company primarily servicing medical, educational, and manufacturing
facilities.
Hi-Tec and Thario mark 4M’s sixth and seventh acquisition since
partnering with O2 Investment Partners in January 2023. The company
is pursuing a steady and targeted expansion strategy into the upper
Midwest. Tim M. Murch, CBSE, 4M CEO, said, “4M operates with a
commitment to excellence and customer satisfaction, and aspires to
be the partner of choice for incredible businesses like Hi-Tec and
Thario. As we welcome the two businesses into our platform, we are
excited to deliver Team Members additional growth opportunities and
customers an enhanced experience.”
Mark Heneman at O2 commented, “Hi-Tec’s and Thario’s deep
customer relationships coupled with their dedication to exceptional
customer service make both enterprises an ideal fit for 4M. The
acquisitions provide meaningful scale, geographic expansion, and
end-market diversity to 4M. We are excited to partner with both
companies and continue executing on our targeted acquisition
strategy.”
About Hi-Tec Building Services Hi-Tec is a full-service
building maintenance and custodial services company dedicated to
reducing long-term facilities cost while providing a clean,
aesthetically pleasing environment. The company’s goal is to
continuously seek new and innovative ways to increase benefits and
reduce costs for clients, while providing a safe and healthy
environment. The company employs 575 Team Members and services a
diverse portfolio that includes medical, educational, and state
facilities. Additional information is available at
www.hitec-services.com.
About Thario Building Services Thario Building Services
is a full-service commercial cleaning company that has been
servicing clients throughout Wisconsin for over 30 years. Thario
employs 290 highly trained Team Members who are responsible for
cleaning nearly 8 million square feet daily. The company is the
largest medical cleaning provider in northeast Wisconsin and boasts
a portfolio that also includes educational facilities and
manufacturing facilities. Additional information is available at
www.thariobuildingservices.com.
About 4M Building Solutions Founded in 1978, 4M Building
Solutions is a full-service cleaning, janitorial, housekeeping, and
disinfection services company headquartered in St. Louis, Missouri.
The company’s operations span 27 states across the Midwest,
Northeast, Southeast, and Western United States. More than 6,500
Team Members provide daily environmentally friendly cleaning to 206
million square feet of space in business segments including
corporate owner-occupied facilities, industrial/manufacturing,
logistics/distribution, education, medical healthcare, senior
living, and multi-tenant buildings. Additional information is
available at www.4-m.com.
About O2 Investment Partners O2 Investment Partners is a
Midwestern based private equity firm that seeks to invest in lower
middle market B2B services, technology, and select industrial
companies. The firm invests in businesses with earnings growth
potential and a clear path to the creation of shareholder value. O2
invests with a view toward partnering with management to build and
grow the business and take it to its next stage of development.
This requires not only a clear vision and strategic plan to create
shareholder value, but a close partnership and alignment of
interest with management. Additional information is available at
www.o2investment.com.
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O2 Investment Partners Mark Heneman
mheneman@o2investment.com