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FacilitySource receives investment from Warburg Pincus

from PRSM (Feb. 1, 2012)

FacilitySource, a leading global provider of facility maintenance and management solutions to retailers and other multi-site operators, announced in February that Warburg Pincus, a leading global private equity firm focused on growth investing, has acquired majority ownership in FacilitySource. Terms of the transaction were not disclosed. FacilitySource manages over 60,000 facilities worldwide via an elite service provider network, representing over $1 billion in aggregated spend each year. The company has grown rapidly since taking its solution to market in 2005, averaging 25-30 percent growth in each year. FacilitySource is poised to accelerate this growth with the backing of Warburg Pincus. more


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