New Canaan, CT, February 2012 — Gridiron Capital, LLC (“Gridiron”), in partnership with QSI’s founder and existing management team, announced the acquisition of Quality Solutions, Inc. (“QSI”).
Headquartered in Wichita, Kansas, QSI is one of the leading managers of facility services for retail and foodservice customers in the United States, Canada and Puerto Rico. Through a network of over 23,000 local vendors, QSI provides a range of over 75 trades including electrician, handyman, and HVAC repair to over 9,000 client locations. The company also offers customers unique national project management and light construction capabilities, coordinating jobs such as remodels, retrofits and rollouts across hundreds of client locations.
Founded by Eric and Wendy Dunn in 1997, QSI has developed an outstanding reputation for speed, reliability and quality of service. Through its staff of highly trained project managers that take personal ownership of client service calls, QSI has set the standard for customer service in the outsourced facility services market. Today, we believe that QSI is positioned for significant growth as it meets increased demand from retail and foodservice operators looking to outsource increasingly complex facility services, freeing them to focus on the profitability and growth of their core business. Gridiron will support QSI’s management team as it maintains the company’s emphasis on developing excellent customer and vendor relationships, while positioning QSI to be the provider of choice for national scale customers.
Mr. Eric Dunn, Chairman and founder of QSI stated, “QSI has been successful because of our unwavering commitment to our customers, vendors and employees. We are partnering with Gridiron because I believe that they share our company’s core values and bring with them the operating expertise and financial resources to help QSI reach the next level of success.”
Mr. Joseph Saldutti, Jr., Managing Director of Gridiron stated, “We are excited to be partnering with an outstanding management team and a great company. QSI’s strong commitment to providing its customers excellent service has resulted in it being a great platform for future growth. We look forward to working with the QSI team to continue its long history of success, and to expand its services and capabilities for both its customers and vendors.”
Robert W. Baird & Co. acted as exclusive financial advisor to Quality Solutions, Inc. in the transaction.
Headquartered in Wichita, Kansas, Quality Solutions, Inc. is one of the leading managers of facilities services for retail and foodservice customers in the United States, Canada and Puerto Rico. Through a network of over 23,000 local vendors, QSI provides a range of over 75 trades to over 9,000 client locations. Additional information is available on the company’s website at www.qsifacilities.com.
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals have historically achieved superior investment returns by employing a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcapital.com.