Caltius Mezzanine Provides $16.0 Million to Divisions Maintenance Group

June 20, 2013

Los Angeles, CA, June 2013 – Caltius Mezzanine is pleased to announce the recent closing of a $16.0 million investment in Divisions Maintenance Group (“Divisions”). Headquartered in Newport, KY, Divisions is an integrated facilities maintenance company providing maintenance services for property managers and retail clients nationwide. The proceeds from the investment were used to help finance management’s purchase of the equity owned by outside shareholders.

Divisions has grown rapidly since its inception in 1999 from a provider of maintenance services to a single location to managing over 250 million square feet from 34 field offices across the country. With core services in landscaping, parking lot maintenance, snow removal, plumbing, electrical, and handyman services, Divisions is dedicated to delivering uninterrupted peace of mind for its customers. Divisions’ experienced management team has developed and refined its unique business model which combines thorough vendor selection, cutting edge site inspection, customer portal technology and a “boots on the ground” presence for each account.

“Caltius provided a financing solution that enabled us to close the share repurchase opportunity in the required time frame,” said Kyle Murray, Divisions’ Chief Strategy Officer. “We are excited to have Caltius as a financial partner and look forward to working with them as we continue to grow our business.”

“We are impressed with Divisions’ senior management team, which has developed a proven business model that has yielded revenue growth every year since inception,” said Rick Shuart, Principal of Caltius Mezzanine. “We believe Divisions is well positioned for future growth and are thrilled to be an investor in such a high quality facilities maintenance provider.”

Based in Los Angeles, Caltius Mezzanine provides innovative capital solutions in amounts of $10 to $100 million to middle market companies throughout North America. Since its founding in 1997, Caltius Mezzanine has invested over $1.0 billion in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. Caltius Mezzanine is currently investing out of its fourth fund, Caltius Partners IV, LP which has capital commitments in excess of $500 million. For more information or to refer an investment opportunity, please call us at (310) 996-9585.