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Angeles Equity Polishes Its Portfolio with Solid Surface Buy
- Angeles Equity Partners has acquired Solid Surface Care, a provider of commercial surfaces maintenance services.
- Solid Surface Care offers services such as deep cleaning, stain removal, disinfection, and maintenance for various materials in corporate, healthcare, retail, and education facilities.
- The company services over 700 million square feet of surfaces annually.
- Solid operates through a self-performing service model by employing its technicians directly.
- The company has 34 locations across the United States.
- Solid was founded in 1996 and is headquartered in Charlotte, North Carolina.
- Angeles Equity's operational expertise aligns well with Solid's business.
- Solid's management team, including CEO Michael Crippen, will continue to lead the business.
- Solid's employees have the opportunity to participate in the equity of the business.
- Angeles Equity sees Solid as a compelling national platform for maintenance and restoration services.
- Solid is positioned for future growth with Angeles Equity's partnership.
- Angeles Equity makes control investments in companies primarily in the U.S. and Canada.
- The firm recently closed its second fund, Angeles Equity Partners II LP, with more than $540 million of capital.
- Angeles Equity focuses on sectors like aerospace, automotive, manufacturing, transportation, and logistics.
- The acquisition is expected to drive Solid's next phase of growth in the surface care solutions market.
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