September 2008
Assets of Distinctive Maintenance, Inc. and Michigan Building Services, Limited acquired by Kimco Corporation

Tullius Partners announced on September 8, 2008 that the assets of Distinctive Maintenance, Inc. (“DMI”) and Michigan Building Services, Limited (“MBS”) were acquired by Kimco Corporation. DMI, based in Livonia, Michigan, was founded in 1975 by Steve Ray, its owner up until the recent sale. The Company provides janitorial services to educational, industrial, medical and office facilities in and around the Detroit Tri-County Area.

Kimco Corporation, founded nearly 40 years ago, is among the largest independently owned facilities services companies in the United States, with headquarter offices near Chicago, Illinois. The company services all types of facilities, including corporate offices, educational facilities and retail facilities.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to facilities services companies, represented and acted as exclusive financial advisor to DMI and MBS.

July 2008
Vonachen Services, Inc. acquires DSI Corporation

Tullius Partners announced that on July 14, 2008, Vonachen Services, Inc. acquired the common stock of DSI Corporation.  DSI, headquartered in Streator, Illinois, is a full service commercial cleaning company that was founded by Patrick Gibbons in 1983.  The company services a varied and prestigious list of Fortune 500 companies throughout its market region, including owner occupied, manufacturing, food service and banking facilities. 

Vonachen Services, Inc. is one of the largest independently owned janitorial service companies in the Midwestern United States. The company has been in existence since 1968, and since that time has been under its founding ownership. The acquisition of DSI enhances the company’s position throughout the state and the existing markets it presently services.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to facilities services companies, represented and acted as exclusive financial advisor to Vonachen Services, Inc.

June 2008
Landscape East & West acquired by LEWI Acquisition Corp.

Tullius Partners announced that on May 30, 2008, the assets of Landscape East & West, Inc., Portland, Oregon, were acquired by LEWI Acquisition Corp. The Company was founded as Landscape East, Inc. in 1980 by Ron DiPietro, who has been the Company’s only owner. In 1999, the Company acquired a competing landscape business on Portland’s west side and thus became Landscape East & West. The Company is one of the largest independently owned landscape companies in the Pacific Northwest, providing construction, maintenance and irrigation services to mostly residential customers throughout the Portland Metropolitan Area. Terms of the transaction were not disclosed.

Tullius Partners represented and acted as exclusive financial advisor to Landscape East & West, Inc.

June 2008
Assets of Crystal Springs Water Company acquired by DS Waters of America, Inc.

Tullius Partners announced that on May 30, 2008, the assets of Crystal Springs Water Company, Reno, Nevada, were acquired by DS Waters, Atlanta, Georgia.  Founded in 1929, Crystal Springs had been owned by Todd and Melissa Baker since 1979.  The Company is the oldest bottled water company in Nevada, providing bottled water delivery service to home and office customers throughout Northern Nevada.

DS Waters of America, Inc. is the largest water-cooler delivery company in the United States, with such brands as Alhambra, Belmont Springs, Crystal Springs, Hinckley Springs, Kentwood Springs, Sierra Springs and Sparkletts.  Terms of the transaction were not disclosed.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to beverage companies, represented and acted as exclusive financial advisor to Crystal Springs.

April 2008
Tullius to be represented on M&A panel at 2008 BSCAI Show

Tullius Partners will be represented by Lance Tullius, its Managing Partner, on a Mergers and Acquisitions Panel at the 2008 Building Service Contractors Association International’s (BSCAI) annual show in Tampa, Florida.  The panel will discuss and answer questions related to a variety of Merger and Acquisition topics, including but not limited to what to look for when acquiring a business, how to prepare your business for sale, what types of buyers are most suited to acquire your business, and how to plan for the transition and integration of an acquisition.  The session will take place at 2:30 pm on Sunday, April 27, 2008.

April 2008
Tullius Partners celebrates 27 years

On April 1, 2008, Tullius Partners celebrated its 27th year in business.  The firm was founded by Larry R. Tullius on April 1, 1981, with the objective of providing thorough and responsible merger and acquisition and financial advisory services to small and middle market businesses.  The firm continues to provide its services today with that same mission, which has ultimately resulted in over 300 successfully completed transactions.

October 2007
Sun Cleaning Group LLC acquired by CleanPower LLC

Sun Cleaning Group LLC, based in Milwaukee, Wisconsin, has been acquired by CleanPower LLC, according to an announcement made by the two companies on October 19, 2007. The acquisition further solidifies CleanPower’s position as the state’s largest commercial cleaning contractor. The Sun Cleaning management team will remain with the company as employees of CleanPower.

Sun Cleaning was founded in 1984 and acquired by Steve Balistreri, its owner up until the sale to CleanPower, in 1988. The company provides full service commercial, industrial and office building maintenance services throughout the majority of southern, eastern and central Wisconsin. In addition, the company offers a wide array of specialty services including carpet and hard-floor cleaning and construction clean-up.

Over the past four years, Sun Cleaning, through a combination of acquisitions and organic growth, was the fastest growing building maintenance company in Wisconsin. The company’s most significant acquisition took place in 2004 when it acquired Rex-Clean, Inc., based in Manitowoc, Wisconsin. At the time, the acquisition nearly doubled the size of Sun Cleaning and provided it with an important expansion into such cities as Sheboygan, Manitowoc, Appleton and Green Bay. That acquisition also brought with it an excellent team of employees that remain a part of Sun Cleaning today. In addition to that, Sun Cleaning acquired the Milwaukee building maintenance business of both BSG Maintenance Corporation and National Building Maintenance. In May of this year, Sun Cleaning was ranked number 86 on the Inc. Magazine Inner City 100 list of the fastest growing inner-city companies in America.

CleanPower LLC is affiliated with Marsden Holding, which provides contract cleaning services to customers in Minnesota, Iowa, Nebraska, Ohio, Washington, Oregon, California and Arizona. Marsden entered the Wisconsin market in 2000 through the acquisition of CleanPower. “This is an ideal acquisition for us,” said Jeffrey Packee, President and COO of CleanPower LLC, and now Sun Cleaning Group LLC as well. “We are two strong regional companies that together can maintain a competitive edge in the Wisconsin market. National and international companies have begun to venture into the state. We are locally-based and manage our services from our offices throughout the state.”

“CleanPower’s corporate culture, business ethics and company values were in line with ours at Sun Cleaning”, said Steve Balistreri, who becomes Executive Vice President and will help guide the transition and integration of the companies. “CleanPower has always been the industry leader in our market, and we felt that their level of quality and customer service were second to none. It will be an exciting marriage of two great companies.

Tullius Partners, an investment banking firm specializing in providing merger & acquisition and financial/strategic advisory services to companies in the building maintenance industry, represented and acted as exclusive financial advisor to Sun Cleaning. Tullius Partners has had a long standing relationship with Sun Cleaning, having been retained in 2003 to assist the company in crafting its expansion plan as well as facilitating the three acquisitions referenced above. “We have very much appreciated the opportunity to work with the Sun Cleaning team, and find it very satisfying to see the efforts of all involved over the past four and a half years result in such a successful milestone”, said Lance Tullius, Managing Partner of Tullius Partners.

Terms of the transaction were not disclosed.

October 2007
Tullius announces sale of Atkell Services’s janitorial business to Temco

Tullius Partners announced that Atkell Services, based in Rochester, New York, sold its janitorial business to Temco Service Industries, Inc., based in New York City, effective October 1, 2007. Founded in 1976 by Joel Kellmanson, Atkell was a leading independent janitorial company in upstate New York for many years, with operations predominantly in Rochester and Syracuse, where it provided janitorial and ancillary services to a variety of commercial properties in the region. Most of Atkell’s management team will remain with the business under Temco’s stewardship.

Temco Service Industries, Inc. is a global provider of facilities services, offering an array of facility management, operations and maintenance, cleaning, landscaping and grounds, security, and temporary staffing services to customers in a variety of industries. The company has operations in the U.S. and Europe, with over $335 million in annual revenue and approximately 10,000 employees.

Tullius Partners represented and acted as exclusive financial advisor to Atkell Services. Terms of the transaction were not disclosed.

October 2007
All Aboard: Action Pest Control Announces Third Acquisition of 2007

Action Pest Control, Inc. announced on September 27, 2007 the acquisition of Durnil’s Pest Control of Washington, Indiana marking the third acquisition for Action this year. The family of the late Steve Durnil, President of Durnil’s Pest Control, is pleased that Action Pest Control will be honoring the Durnil name and the company he built. Action Pest Control, headquartered in Evansville, Indiana, has branch offices in Vincennes and Indianapolis, Indiana, as well as Owensboro, Kentucky. Action Pest Control will continue with operations at the Washington, Indiana branch. “We appreciate the opportunity to strengthen the relationships Steve has developed with his employees, customers, and community,” Kevin Pass, President, Action Pest Control.

Action serves residential, commercial and industrial clients with a full complement of pest management services including the specialties of bird control, mosquito abatement and fumigation. The company has been ranked in the Top 100 industry companies by Pest Control Technology magazine for the last four years. Durnil’s Pest Control was founded in 1990 and provides services to customers in Washington, Indiana, Robinson, Illinois, and surrounding areas.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to companies in the pest control industry, represented and acted as exclusive financial advisor to Action Pest Control.

July 2007
Tullius Partners ranked among top Investment Banking Firms by Portland Business Journal

Recently, the Portland Business Journal released its list of The Top Investment Banking Firms in the Portland area.   Tullius Partners was ranked number 11 on the list.

Now in its 23rd year, the Portland Business Journal provides unmatched original data for all aspects of business in the Portland Area. Tullius Partners was founded in 1981 and has completed over 300 transactions since its origination. The firm provides a full offering of investment banking services including sell-side and buy-side advisory, raising financing, and strategic/financial consulting. The firm services middle market companies with core operations in the U.S., and focuses on such industries as facilities services, property services, business services and route/subscription based businesses. For more information about the firm, please visit www.tullius.com.

On Thursday, May 6, the 2007 ICIC-Inc. Magazine Inner City 100 list was released, and Sun Cleaning Systems, Inc., a current client of Tullius Partners, ranked number 79 on the list of the fastest growing inner-city companies in America. Extraordinary growth is the predominant trait of the 2007 Inner City 100, a ranking created by the Initiative for a Competitive Inner City (ICIC) and Inc. Magazine of the 100 fastest-growing businesses in inner city communities nationwide. 

Now in its 9th year, the Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. For the 2007 list, over 4,500 new nominations were received. The 2007 Inner City 100 winners grew at a compound annual growth rate of 49 percent and an average rate of 535 percent between 2001 and 2005. Collectively, the top 100 inner city businesses have employed nearly 19,000 people and created 12,000 new jobs over the past five years; both of these figures are the highest in the program’s history and show signs of continued growth.

Seventy-six percent of companies expect steady growth, 15 percent expect their revenues to double, 5 percent expect their revenues to triple, and a mere 2 percent expect their revenues to decline in 2007. Individually, the average Inner City 100 company’s revenues were $39 million – the largest average revenues in the history of the Inner City 100 program.

“An ability to recognize growth and build upon it is the trait that most distinguishes the 2007 Inner City 100 winners,” says Dorothy Terrell, president and CEO of ICIC.  “These companies have identified profitable market niches that few others have seen. They have run successful regional, national and even global businesses from inner city locations because of their savvy growth orientation, and have translated their tremendous growth into more jobs, income, and wealth for inner city residents. Inner City 100 2007 is truly the year of Recognizing Growth.”

The 2007 Inner City 100 winners operate from 56 cities in 29 states. Twelve companies on the list are based in California; Texas has 10, Massachusetts has eight and New York and Michigan each have six. Three states (Florida, Missouri and Pennsylvania) have five companies on the list. Detroit has six winning companies, Boston has five, and Oakland and Washington each have four companies listed on the Inner City 100.

Sun Cleaning Systems, Inc., founded by Steve Balistreri in 1984, provides facilities maintenance services to commercial, industrial, medical and educational facilities throughout the state of Wisconsin. The company is the largest independent facilities maintenance company in Wisconsin, with revenues more than tripling in the last three and a half years.

Sun Cleaning retained Tullius Partners in 2003 to assist the Company in charting a course for value-added growth and aid in the execution of that growth, including facilitating acquisitions on the Company’s behalf.

Tullius Partners is an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to middle-market companies operating in select industries. For more information about the firm, please visit www.tullius.com. 

May 2007
Tullius announces recapitalization of New Jersey based TMC Services, Inc.

Tullius Partners announced  that effective February 1, 2007, TMC Services, Inc. (“TMC”), based in Livingston, New Jersey, has completed a recapitalization transaction with Cravey, Green and Wahlen (“CGW”), a private equity firm based in Atlanta, Georgia, acquiring a majority interest in TMC. As a result of the transaction, TMC will be merged with Sanitors Services, Inc. (“Sanitors”), another portfolio company of CGW. TMC will continue operations under the same brand and with its existing management team. TMC’s senior management will retain a significant equity interest in the combined entity, which will have over 12,000 employees and over $300 million in annual revenues, providing services in 26 states.

TMC, founded in 1964 by Phillip W. Caprio, Sr., is one of the leading independent facilities services companies in the Northeastern U.S., providing services to properties in the states of New York, New Jersey and Pennsylvania. Today TMC’s management team is led by its Chief Operating Officer, Phil Caprio, Jr.

CGW is an investment firm that focuses on the middle market, with over $750 million under management. The firm’s transactions range from $25 million to $200 million.

Sanitors is one of the largest building maintenance companies in the United States, with operations throughout the country. They provide janitorial, mechanical, landscape and security services to commercial office buildings, corporate campuses, schools and universities, medical facilities, retail chains, stadiums, arenas, theaters, and convention centers.   

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to companies in the facilities services industry, represented and acted as exclusive financial advisor to TMC Services, Inc.   

March 2007
Tullius announces that JS Pest Control has acquired Enviro Pro Pest Management Services of Nevada

Tullius Partners announced on March 30, 2007 that JS Pest Control, Las Vegas, Nevada, has acquired Enviro Pro Pest Management Services of Nevada. Founded in 2000 by Mike Stanley, Enviro Pro is one of the leading full service pest control companies in Las Vegas. The company offers pre-treat and post-treat termite services, termite inspections and residential and commercial pest control services.

JS Pest Control, also one of the leading termite and pest control companies in Las Vegas, was founded in 1999 by Jimmy Stephensen. The combination of the two companies will result in the largest independently owned termite and pest control company in Nevada.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to companies in the pest control industry, represented and acted as exclusive financial advisor to JS Pest Control.

February 2007
Action Pest Control acquires Jackson Pest Management; marks second acquisition in '07

Action Pest Control, Inc. announced on February 14th, 2007 the acquisition of Jackson Pest Management, LLC of Owensboro Kentucky. Action Pest Control, headquartered in Evansville, Indiana, has branch offices in Vincennes and Indianapolis, Indiana, as well as Owensboro, Kentucky. The customers acquired from Jackson will be serviced out of Action’s Owensboro branch. “We are proud to announce that all the employees of Jackson Pest Management have come on board with Action. Employee and customer retention makes for a successful acquisition” said Kevin Pass, President of Action Pest Control.

Action serves residential, commercial and industrial clients with a full complement of pest management services including the specialties of bird control, mosquito abatement and fumigation. The company has been ranked in the Top 100 industry companies by Pest Control Technology magazine for the last four years. Jackson Pest Management was founded in 2001 and provides services to customers in and around Owensboro, Kentucky. Action also acquired Lebanon Extermination Service in January.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to companies in the pest control industry, represented and acted as exclusive financial advisor to Action Pest Control.

February 2007
Tullius announces sale of Brener Building Maintenance, Arlington, VA

Tullius Partners announced on February 1, 2007 that Brener Building Maintenance, based in Arlington, Virginia, has been sold to Bravo Building Services, Inc., Piscataway, New Jersey. Founded in 1960 by William Brener, Brener Building Maintenance provides full service building maintenance and janitorial service to properties throughout Washington, D.C., Maryland and Virginia. The company’s management team will remain in place.

With branch offices in New York and Delaware, in addition to its headquarter offices in New Jersey, Bravo is one of the fastest growing building service companies in the region. The company provides housekeeping, mechanical maintenance, window cleaning, mail and administrative, and other employee outsourcing services to its customers in these markets.  

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to companies in the building maintenance industry, represented and acted as exclusive financial advisor to Brener Building Maintenance.

January 2007
Tullius announces latest pest control transaction

Tullius Partners announced on January 26, 2007 that Action Pest Control, Inc. has acquired the assets of Lebanon Extermination Service. Action Pest Control, headquartered in Evansville, Indiana, has branch offices in Vincennes and Indianapolis, Indiana, as well as Owensboro, Kentucky. The customers acquired from Lebanon will be serviced out of the company’s Indianapolis branch. “We are excited about the clients and employees of Lebanon Extermination Service joining the Action team,” said Kevin Pass, president of Action Pest Control.

Action serves residential, commercial and industrial clients with a full complement of pest management services including the specialties of bird control, mosquito abatement and fumigation. The company has been ranked in the Top 100 industry companies by Pest Control Technology magazine for the last four years. “Action intends to continue growing through acquisitions and organic growth so that we may better benefit our clients and employees,” Pass said.

Tullius Partners, an investment banking firm that specializes in providing merger & acquisition and financial/strategic advisory services to companies in the pest control industry, represented and acted as exclusive financial advisor to Action Pest Control.  

December 2006
Tullius announces sale of Crystal Bottling to DS Waters

Tullius Partners announced on December 29, 2006 that Crystal Bottling Co., dba Crystal Mountain Spring Waters, out of Sacramento, California has been acquired by DS Waters, Atlanta, Georgia. Founded in 1992 by Hayes Johnson and the Crystal Cream & Butter Company, a Sacramento based dairy, Crystal Bottling was the largest independent bottled water delivery business in Northern California. The company provides bottled water to home and office customers throughout the Sacramento valley. The acquisition substantially strengthens DS Waters’ already leading presence in the Sacramento valley.   

DS Waters is the largest water-cooler delivery company in the United States, with such brands as Alhambra, Belmont Springs, Crystal Springs, Hinckley Springs, Kentwood Springs, Sierra Springs and Sparkletts. Terms of the transaction were not disclosed.

October 2006
Tullius announces acquisition of C&S Building Maintenance by Sanitors

Tullius Partners announced on October 17, 2006, that Sanitors Services, Inc., San Antonio, Texas, has acquired C&S Building Maintenance, Gainesville, Florida. Founded in 1966 by Tom Sperring, C&S Building Maintenance provides janitorial services to commercial properties in and around the Gainesville area, as well as operates draw bridges, locks and dams throughout the state of Florida. The company operates in such cities as Jacksonville, Miami, Sarasota, St. Petersburg, Ft. Lauderdale, and Tampa. The acquisition strengthens Sanitors’ Southeast presence, and serves as their initial entry into the bridge tending business.

September 2006
Tullius welcomes Debbi Haren to staff

Tullius Partners announced on September 25, 2006 that Debbi Haren has joined the firm as Office Manager. Ms. Haren brings over 20 years of office administration experience, with management experience at Deloitte & Touche, LLP and Credit Suisse First Boston, among other leading financial services and advisory firms. She earned a Bachelor of Science degree in Business Administration with an accounting option from California State University, Hayward in 1998.

September 2006
Tullius announces new name and logo

The Tullius Company announced effective September 1, 2006, that it has changed its name to Tullius Partners. In addition, the firm announced and revealed its new logo. Founded as Tullius & Company, Inc. in 1981, the firm became The Tullius Company, Inc. in 1995, and has since operated under that name.

June 2006
Tullius adds Ryan Brown to staff

Tullius Partners announced on June 1, 2006 that Ryan D. Brown has joined the firm as a Junior Analyst and Assistant to Sales. Mr. Brown brings with him experience at Smith Barney and had previously worked as an intern at Tullius Partners in 2005 and 2006. He received his Bachelors of Business Administration in Finance from the University of Portland in 2006.

March 2006
Tullius adds Jeff White to staff

Tullius Partners announced on March 6, 2006 that Jeffrey B. White, CFA, has joined the firm as an analyst. Mr. White brings with him nearly 10 years of financial analysis experience, having worked for KPMG, LLP and Deloitte & Touche, LLP, among other leading financial services and advisory firms. He earned a Bachelor of Science degree in Business Administration from the University of New Hampshire in 1994 and a Master of Business Administration with a Finance concentration from the University of Notre Dame in 1999.

March 2006
Tullius announces acquisition of Elite Maintenance by Harvard Maintenance, Inc.

Tullius Partners announced on March 3, 2006, that Harvard Maintenance, Inc., New York, New York has acquired the assets of Elite Maintenance, Elk Grove Village, Illinois. Founded in 1992 by David Domlija, Elite Maintenance provides building maintenance services to commercial properties throughout mostly the Chicagoland area. The company also has a branch presence in Troy, Michigan. The acquisition provides Harvard Maintenance a much desired entrance into the Chicago area market. In addition to its new presence in Chicago, Harvard operates in New York, New Jersey, Pennsylvania, Minnesota and Wisconsin. Tullius Partners represented Harvard Maintenance in the transaction. Terms were not disclosed.

January 2006
Tullius announces acquisition of Paragon Termite & Pest Management by Sunair Services Corporation subsidiary

Tullius Partners announced on January 9, 2006, that Middleton Lawn & Pest Control, a subsidiary of Fort Lauderdale-based Sunair Services Corporation, acquired the assets of Paragon Termite & Pest Management. Paragon, headquartered in Port St. Lucie, provides service in Brevard, Indian River, St. Lucie and Martin counties. Keith Brooker, president and owner of Paragon, will join Middleton as a sales consultant and help build the commercial and residential pre-construction termite treatment business. Brooker has over 18 years of experience in the pest control industry. He established Paragon in 1992.

"We continue to search for quality companies that share our vision of growth for the future. With it's efficient operations and focus on the customer, Paragon not only shares our core company values but also represents a key strategic expansion for us into the Treasure Coast area," said Greg Clendenin, CEO of Middleton."We welcome Paragon to the Middleton Lawn & Pest Control family and are excited about additional business opportunities we expect this acquisition to bring."

"Middleton has a stellar reputation in the pest control industry. It is a company that truly cares about its customers and its employees. Its strategy for growth is sound. We share this vision and are excited about continuing the legacy of delivering unmatched customer service," added Brooker.

Tullius Partners represented and acted as exclusive financial advisor to Paragon. Terms of the transaction were not disclosed.

December 2005
Sun Cleaning Systems acquires Wisconsin janitorial operations of National Building Maintenance

Tullius Partners announced effective December 1, 2005 that Sun Cleaning Systems, Inc., Milwaukee, Wisconsin, has acquired the Wisconsin janitorial operations of National Building Maintenance, Milwaukee, Wisconsin. NBM was founded in 1950 by Robert Page Jr.. The acquired business provides standard janitorial services as well as ancillary (tag) services and supplies to commercial properties throughout the Milwaukee area. Sun Cleaning is one of the leading independent providers of contract janitorial services in Wisconsin. The company was founded in 1984 and acquired by its current owner, Steve Balistreri, in 1988. The acquisition of NBM’s janitorial business was the company’s third acquisition since April 2004. In that month the company acquired Rex-Clean, Inc., Manitowac, Wisconsin, and the Milwaukee business of BSG Maintenance Corp. “We are very pleased to add a business with the history and market presence of National Building Maintenance”, said Sun Cleaning’s president, Steve Balistreri. “NBM’s Milwaukee business provides substantial overlap to a major share of our own business, and the combination will allow us to better serve all of our existing customers.” Tullius Partners represented and acted as exclusive financial advisor to Sun Cleaning Systems, Inc. Terms of the transaction were not disclosed.

October 2005
Stauffer joins Tullius as Director of Operations

Tullius Partners is pleased to announce that Peter O. Stauffer has joined the company as Director of Operations. Mr. Stauffer brings over 16 years of experience in operations, financial analysis, and mergers and acquisitions. Prior to joining Tullius Partners, Mr. Stauffer was a partner at AlphaCap Ventures, a financial and operations advisory firm conducting research and analyses, M&A advisory, due diligence, valuation, capital acquisition, and business advisory services. Before joining AlphaCap, Mr. Stauffer was Vice President and Director of Operations for Pretech, Inc., an engineering consulting firm, where he was responsible for financial, operational, and strategic management. As Director of Operations at Tullius Partners, Mr. Stauffer will manage and facilitate the firm’s project operations including research, financial analysis, transaction timelines, and client relationships and deliverables. He received his Bachelor of Arts degree in 1995 and received his Masters of Business Administration in Finance degree in 1998, both from St. Mary’s College in Moraga, California.

July 2005
Tullius announces sale of Dependable Building Maintenance Company to GCA Services Group

Tullius Partners announced on July 25, 2005 that D Industries, Inc., Seattle, Washington, doing business as Dependable Building Maintenance Company, has been acquired by GCA Services Group, Inc., West Conshohocken, Pennsylvania. Dependable,

with Northwest roots dating back to 1946, was owned at the time of sale by its CEO Ralph Davis, who has been active in the building service industry for nearly 40 years. Dependable was the largest independently owned building service company in the Pacific Northwest, servicing commercial properties throughout the region. The acquisition is the latest of several significant ones completed by GCA in the past year. Within that time, GCA has acquired Associated Building Services out of Houston, Texas, and SBM Maintenance of Downers Grove, Illinois. Prior to the acquisition of Dependable, GCA operated in the Pacific Northwest as Allied Building Services. The acquisition of Dependable provides GCA with a leading position in this market. Tullius Partners represented and acted as exclusive financial advisor to D Industries, Inc. Terms of the transaction were not disclosed.

July 2005
Sunair Electronics, Inc., through Sunair Southeast Pest Holdings, Inc. (SPH), acquires Middleton Pest Control, Inc.

Sunair Electronics, Inc. announced that through its subsidiary, Sunair Southeast Pest Holdings, Inc. (SPH), it has acquired Middleton Pest Control, Inc., Orlando, Florida, for $50 million. Middleton is ranked as the 20th largest pest control business in the U.S., according to Pest Control Technology (PCT) Magazine. Middleton’s pest control and lawn care operations extend throughout Central Florida and Florida’s northeast coast. The company operates through a network of 22 branches, servicing over 68,000 accounts. The acquisition was the first by SPH in the pest control space.

June 2005
Tullius announces acquisition of Corporate Building Systems, Inc.
by Groupe Services France

Tullius Partners announced on June 1, 2005 that Groupe Services France (GSF), with North American headquarters in Indianapolis, Indiana, has acquired Corporate Building Systems, Inc. (CBS), Buffalo Grove, Illinois. As part of the acquisition, GSF also acquired Maintenance Engineering, Inc., an affiliate company to CBS. CBS was founded over 25 years ago, and at the time of the sale to GSF, was owned and operated by Randy Sanders. The company provides building maintenance services to commercial customers and properties throughout mostly the Chicago metro area. In addition, the company maintains a relatively small operation in Orlando, Florida.

GSF, with worldwide headquarters in France, is among the leading building maintenance providers in both the Indianapolis and Cincinnati, Ohio markets. The acquisition of CBS is consistent with GSF’s growth and expansion objectives and provides the multi-national company a further foothold in the Midwestern United States.

Tullius Partners represented and acted as exclusive financial advisor to GSF. Terms of the transaction were not disclosed.