Livingstone is pleased to announce the sale of PURAVIDA, a leading West Coast-based provider of commercial asset preservation, technical cleaning, and surface maintenance & restoration services, to an undisclosed strategic buyer. Terms of the transaction were not disclosed.
Founded decades ago, PURAVIDA cleans, maintains, refurbishes, and coats/seals all interior floor, wall (panel), window covering, and furniture surface types, including carpet, wood, metal, stone, ceramics, and fabrics. PURAVIDA also provides building exterior cleaning and coating applications to extend asset longevity. PURAVIDA serves commercial facility owners, property managers, and facility operators across the U.S. PURAVIDA’s client base comprises artificial intelligence products and services providers, tech companies, professional/financial services companies, industrial utility providers, and other commercial & industrial end markets businesses.
“As a former M&A attorney, I originally intended to do the deal myself without an investment banker; in hindsight, I can’t imagine getting to the same transaction outcome without Livingstone’s help and advice,” said the (now former) owner of PURAVIDA.
“We believe we found our client an ideal partner and we were able to advise our client on an attractive and expeditious transaction,” said Andrew Bozzelli, Partner at Livingstone.
Robert Tymowski, Managing Director of Livingstone commented, “This is the second janitorial/cleaning/surface care services completed transaction in six months for our Essential Services practice. We expect to continue our momentum in the coming months.”
This deal represents another successful transaction for Livingstone in the facilities services space following the sales of Kimco to KBS, Commercial Cleaning Systems to Silver Oak Services Partners, and Project SCHOON to an undisclosed strategic buyer.
