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Completed Transactions > Construction and Engineering > Seabreeze Property Services has been acquired by Chenmark Capital Management

Seabreeze Property Services has been acquired by Chenmark Capital Management

Seabreeze Property Services

Date

Sep 2015

Region

Maine

Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the partnership of its client, Seabreeze Property Services, Inc. (Seabreeze), headquartered in Portland, Maine, and Chenmark Capital Management LLC (Chenmark), headquartered in Portland, Maine. The partnership was created on September 30, 2015.

Seabreeze offers a year around comprehensive package of property, pavement and landscape services at locations throughout its New England territory. Its expert services add value to customer properties and coupled with its proven track record, ensures that the work will be handled professionally and reliably. To learn more, visit www.seabreezepropertyservices.com.

Managing Director Doug Smith and Vice President Musa Jagne led the Generational Equity deal team that advised Seabreeze on the transaction. Musa Jagne, who was lead dealmaker, commented, "This partnership combines highly complementary and synergistic management teams. After discussions with numerous suitors, Seabreeze found a partner in Chenmark that shares the same vision and growth aspirations. We are confident that the combined business has a bright future in front of it." John Kelly, President of Seabreeze added, "In Chenmark, we have found a partner that will work with us to grow our brand while maintaining the highest standards for our customers."

Palmer Higgins of Chenmark said, "We spent a long time looking for the right company and management to partner with, and couldn't be more excited about the future of Seabreeze Property Services. We are eager to help build the company into Maine's top provider of commercial landscape and snow services over the coming years." Chenmark is an investment fund targeted with investing in and managing small operating companies. Learn more by visiting www.chenmarkcapital.com.

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