Watterson, Backed by Highview Capital, Acquires Restoration from Armstrong

The acquisition strengthens Watterson’s national coverage by adding locations in Florida, North Carolinaand New York

LOS ANGELES and CHICAGO, September 20, 2022 /PRNewswire/ — Watterson, a leading national facilities services company and a portfolio company of Highview Capital (“Highview”), today announced its acquisition of Florida Maintenance Services, Inc. doing business as name of of Armstrong restoration (“of Armstrong“), one of the leading catering and emergency response providers on the East Coast.

Based at Malabar, Florida, of Armstrong provides critical restoration, mitigation and other emergency response services to commercial facilities in a variety of verticals. The Company operates from three offices – Malabar, Florida, Pineville, North Carolinaand Deer Park, New York – with rapid response capabilities spanning the entire East Coast. of Armstrong has worked as a vendor partner with Watterson for several years and has an established track record of operational excellence.

of Armstrong management team, led by Phil Coliacomo III and Adam Sibolwill join the Watterson family and continue to help lead the expansion of the Watterson location. of Armstrong the operations will integrate with those of Watterson and strengthen the company’s service profile and geographic reach.

of Armstrong has been a loyal partner of Watterson for many years and we are extremely excited to bring their team, resources and track record of success to our growing platform,” said Steve Peldiak, CEO of Watterson. “This acquisition enhances our geographic footprint and adds a very attractive service portfolio. Phil and Adam are fantastic leaders and extremely reliable operators, and we look forward to pursuing operational excellence as we grow.”

“Between the leadership team, geographic footprint and partnership history with Watterson, of Armstrong is a highly strategic fit,” said Steve Russell, Senior Portfolio Manager of Highview Capital. “We are excited about Watterson’s positioning for the future, including the continued acquisition of complementary businesses in the foodservice and facility services space nationwide. »

About of Armstrong Restoration

of Armstrong is a provider of restoration, mitigation and other emergency response services to commercial customers in a variety of verticals. of Armstrong serves clients throughout the East Coast through its three offices located in Florida, North Carolinaand New York.

About Watterson

Watterson provides facilities management, environmental and emergency response services to a national base of top-notch customers. Watterson is headquartered in Schaumburg, Illinois, with offices across the country. For more information, visit www.wattersonefm.com

About Highview Capital, LLC

Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA provide transformational equity. Highview leverages its creative vision and expertise to partner with the leadership teams of leading mid-market companies in times of transformation. For more information, visit www.highviewcapital.com.

SOURCEHighview Capital

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