Transaction Adds Additional Services to Powerhouse’s Lines of Business, Including Estimation and Contractor Capacity to Powerhouse’s Current Facilities Maintenance Business
NEW YORK ‒ April 22, 2021 ‒ Lincolnshire Management, Inc. (“Lincolnshire”), a private equity firm founded in 1986, focused on investing in and growing middle market companies across an array of industries, today announced that the firm’s portfolio company Powerhouse Retail Services, LLC (“Powerhouse”), has acquired Dent Enterprises, LLC. (“Dentco”), a leading outsourced business services provider to the retail, foodservice, financial, hospitality and health care industries. The acquisition provides additional estimation and contractor capacity to Powerhouse’s already existing facilities maintenance service offering. Financial terms of the private transaction were not disclosed.
Founded in 1977 and headquartered in DeWitt, Michigan, Dentco provides landscape management, snow and ice removal and parking lot maintenance to approximately  national, blue-chip retail, foodservice, financial, hospitality and health care customers across the country. The company helps clients consolidate, centralize, reduce costs, and realize the importance of quality-assured services. Dentco maintains a nationwide network of qualified contractor partners, who work closely with the company’s highly-trained field personnel to ensure services are performed on time and to customers’ specifications.
“The acquisition of Dentco is another major milestone as we continue to thoughtfully build out Powerhouse’s national platform with robust and differentiated capabilities to support customers’ construction and facilities maintenance needs,” said T.J. Maloney, Chairman and CEO of Lincolnshire Management. “Given the strong customer bases of both companies, we see significant opportunities for Powerhouse and Dentco to leverage their combined expertise to seize unique market opportunities and capitalize on a secular shift towards outsourcing exterior services.”
Lincolnshire Management, Inc. acquired Powerhouse and Security Vault Works in 2019 to create a leading national platform company providing refresh, remodel and facilities maintenance services to a roster of blue-chip customers nationwide including retail, foodservice, financial institution, hospitality and health care companies
The Lincolnshire Management team that led the transaction included Pieter Kodde, Tad Nedeau, Will Whetzel, John Comino and Max van der Griend.
“Dentco and Powerhouse are highly complementary, and we will continue to look for new opportunities and additional services to add to this exciting combined platform,” said Pieter Kodde, a Managing Director at Lincolnshire Management. “Dentco’s unrivaled strength in exterior services, together with Powerhouse’s large national customer base results in a very powerful combination that we are confident will increase the combined company’s exterior service capabilities.”
About Lincolnshire Management, Inc.
Lincolnshire Management Inc., founded in 1986, is a private equity firm focused on investing in and acquiring growing middle market companies across an array of specific industries. Headquartered in New York, Lincolnshire Management invests in acquisitions of private companies, recapitalizations, corporate divestitures, management buyouts and growth equity for public and private companies. Lincolnshire Management manages over $1.7 billion of private equity capital. For more information, please visit www.lincolnshiremgmt.com.
About Dent Enterprises, Inc.
Headquartered in DeWitt, Michigan, Dentco is a technology based leading nationwide provider of outsourced Exterior Services Management (“ESM”). The Company was founded by Greg Dent in 1977 and is majority owned by the Dent family. The Company’s main services include landscape management, snow and ice removal and parking lot maintenance. Dentco operates in all 50 states in the USA and services a large group of blue-chip customers in the Retail, Food Service and Financial industries. The Company’s asset-light business model utilizes over 2,000 independent contract partners to provide exterior services to over 8,000 sites annually. For more information, please visit https://www.dentco.com.
Powerhouse is a leading, nationwide provider of high-volume, multi-site rollouts and refreshes, as well as recurrent facilities maintenance services. The majority of Powerhouse’s work is outsourced to a network of over 10,000 independent subcontractors, and delivered through a tech-enabled, asset-light platform. Powerhouse has primarily served customers in the food service, retail, and hospitality segments and is expanding in the financial and healthcare sector. For more information, please visit https://powerhousenow.com