Vixxo Corporation Completes Acquisition of Third-Party Vendor Managed Site Maintenance Business from Cushman & Wakefield
August 02 2024 - 11:00AM
Business Wire
Marks significant step in company’s vision to
be the leading national provider of multi-site facilities
maintenance solutions
Vixxo, a market-leading, tech-enabled facilities maintenance
company, today announced it is expanding its platform with the
acquisition of Cushman & Wakefield’s third-party multi-site
vendor managed site maintenance business (CWFS), formerly known as
Quality Solutions, Inc. (QSI), based in Wichita, Kansas and its
team of approximately 280 employees. This strategic transaction
expands Vixxo's presence and capabilities in the facilities
maintenance industry and marks a significant milestone in its
expansion strategy.
“This is a pivotal milestone for Vixxo as we execute our vision
of perfecting facility operations for the world's best brands,”
said Jim Reavey, President and CEO of Vixxo. “This acquisition
brings a wealth of expertise that significantly enhances our
service offerings and operational capabilities,” he added.
The newly combined company looks forward to bringing a more
comprehensive range of multi-site facilities solutions to their
clients. The combined resources will enable Vixxo to deliver
unparalleled value as a single provider addressing critical
multi-site facilities maintenance needs, ensuring superior customer
service and operational excellence.
"Joining forces with Vixxo presents a tremendous opportunity for
this business to continue its growth trajectory while delivering
enhanced value to our clients,” said Chris Jernigan, CEO of CWFS.
“Our combined resources and shared passion for customer service
makes this a natural fit, and we are so excited to be a part of
this journey,” he added.
Vixxo has become the leading facilities provider for the
convenience industry, serving many c-store brands. Vixxo also
boasts a distinctive programs management offering through its
specialized c-store programs team, which possesses extensive
expertise in equipment rollout, HVAC-R installations, and
large-scale projects. Combined with the newly acquired programs
team, Vixxo will extend its program capabilities to other
end-markets.
Over the last year, Vixxo has invested in embedding artificial
intelligence into its services. It's developed the first virtual
technician assistant, an advanced tool designed to transform how
technicians diagnose issues and repair equipment. Leveraging
decades of work order history and insights, the assistant harnesses
the latest Generative AI technologies to furnish real-time
guidance, troubleshooting, and feedback for technicians. It offers
immediate access to relevant information, documents, and resources
while technicians are on-site at client locations and ultimately
lowering repair costs for the end client. Vixxo is excited to
extend this technology to the customers of the newly acquired
business in the future.
UBS Investment Bank served as exclusive financial advisor to
Cushman & Wakefield.
About CWFS: Formerly known as QSI, Inc., CWFS is a
third-party multi-site vendor management business with significant
trade expertise and diverse industry relationships across retail,
convenience, healthcare and several other industries. QSI, Inc. was
acquired by Cushman & Wakefield in 2019 and subsequently
rebranded as CWFS.
About Vixxo: Vixxo provides comprehensive facilities
management solutions to multi-site convenience, grocery, restaurant
and retail customers. The company's solutions include repair and
maintenance for food and beverage equipment, HVAC/refrigeration,
electrical, plumbing, and other critical service categories as well
as multi-site roll-out programs. Vixxo’s services are built on a
strong service provider network, analytics, and cost management
platform.
For more information, please visit www.vixxo.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240802133146/en/
Media Contact: Neetu Rao Director, Marketing &
Strategy Neetu.Rao@vixxo.com