New investments

KBS announced a recapitalization by investment funds and accounts managed by its long-time investors KKR (“KKR”), Ares Management (“Ares”) and Blackrock Capital Investment Advisors, LLC or affiliates thereof (“BlackRock”), which will become majority equity holders in the Company.
The new investment will support the Company’s ability to invest further in go-to market capabilities and the delivery of high-quality service to its customers.

Headquartered in Oceanside, California, KBS is a leading provider of technology-enabled, integrated facility management services to clients across North America. With its differentiated technology and comprehensive suite of facility services, the Company delivers high-quality and cost-effective solutions to clients in the industrial, commercial, logistics, retail, and grocery sectors.

“Having the support of KKR, Ares, and BlackRock positions KBS with unmatched strategic capacity and further enables the acceleration of value creation at scale,” says Mark Minasian, CEO of KBS.  “We look forward to working closely with these investors, leveraging their deep experience in this next phase of development, while always ensuring we continue to deliver outstanding service that raises standards and lowers costs for our clients.”

“We are pleased to support Mark and the KBS team in this recapitalization, which will position the business for its next chapter of growth,” said Lauren Krueger, a managing director in KKR’s credit business.

“We are excited to help provide KBS with the additional capital needed to help accelerate its growth while ensuring it continues to provide market leading service to all of its customers,” says Adam Ferrarini, a partner in Ares’ Credit Group.