Top Gun Pressure Washing, a Portfolio Company of Osceola Capital, Completes Add-on Acquisition

Top Gun Pressure Washing (“Top Gun”), a portfolio company of Osceola Capital, announced that is has acquired Bob Popp Building Services (“BPBS”).

Founded in 1975 and based in Denver, BPBS provides high-rise, mid-rise, and ground-level window cleaning services for commercial businesses across Colorado.  Top Gun and BPBS have a long history of successful partnership, as the companies have collaborated on many projects, buildings and shared customers over the past 20+ years.

Stephanie White, President of Top Gun, commented, “We are excited to partner with the entire Bob Popp Building Services team and capitalize on the Company’s significant growth opportunities in the Colorado market.  BPBS is the clear market leader in Colorado commercial window cleaning due to its deep industry expertise, customer-first business model, and outstanding reputation.  Combining Top Gun and BPBS, who together have 73 years of operating experience in the Rocky Mountain region, reinforces our commitment to delivering quality, environmentally-friendly services and provides us with the resources and support to continue to grow our business.”

Ben Moe, a Managing Partner at Osceola Capital, added, “The acquisition of BPBS is consistent with Top Gun’s growth strategy of building a leading provider of facilities services in the Rockies and nationwide through the acquisition of strong regional players that complement our existing portfolio of services.  The addition of BPBS solidifies our core offering of pressure washing, window washing, power sweeping, and snow removal services, and we look forward to continuing to expand our geographic footprint and service suite.

Overview of Top Gun Pressure Washing

Founded in 1992 and headquartered in Colorado, Top Gun is a leading provider of exterior facilities services to commercial businesses and municipalities in the Rocky Mountain region of the US.  The Company’s service offering includes pressure washing, window cleaning, snow removal, and industrial power sweeping.

 

Osceola Capital Leads Recapitalization of Top Gun Pressure Washing

TAMPA, FL, August 27 – Osceola Capital, a lower middle-market private equity focused on services businesses, announced today that it has partnered with management to recapitalize Top Gun Pressure Washing, Inc. (“Top Gun” or the “Company”).

Founded in 1992 and headquartered in Loveland, Colorado, Top Gun is a leading provider of pressure washing and exterior facilities services to commercial businesses and local governments in the Rocky Mountain region of the US.  The Company’s service offerings include pressure washing, industrial sweeping, exterior high-rise cleaning, window cleaning, environmental spill clean-up, sandblasting, graffiti removal, pavement striping and specialty cleaning.

“Top Gun has been very successful over the past 27 years in becoming the largest pressure washing company in Colorado,” said Stephanie White, co-founder and President of Top Gun.  “We realized that to take our business to the next level, we would need a strategic partner that shared our vision for growth and had the capital resources and operational expertise to help us execute our strategy.  We look forward to working with the Osceola in this next stage of growth.”

Ben Moe, Managing Partner at Osceola Capital, commented, “We are excited to have the opportunity to partner with Top Gun’s founders and management team in this investment.  We look forward to working with senior management while they continue to grow their geographic footprint and suite of services through acquisitions and new facility locations.”

Patrick Watkins, Vice President at Osceola Capital, added, “Top Gun fits perfectly with Osceola’s investment model of backing management teams and founders at companies with long histories of success.  Top Gun has an extensive track record of providing exceptional quality, scale and responsiveness to their customers in an environmentally friendly and compliant manner, and Osceola is proud to partner with the Top Gun team to further support that mission.”

Top Gun represents the fourth platform investment in Osceola Capital’s current fund.  Senior debt financing was provided by Saratoga Investment Corporation.  DLA Piper acted as legal counsel to Osceola Capital.  Forbes M&A and Minor & Brown acted as financial advisor and legal counsel to the sellers, respectively.  Top Gun is actively looking for add-on opportunities.