HES Facilities Management Receives Majority Investment From GI Partners

The company plans to use the funding to expand its operations and support future growth and development initiatives.

HES Facilities Management provides janitorial, facilities management, and grounds maintenance services to schools, colleges, and universities across more than 30 U.S. states. The company is recognized for its strong service quality and specialized expertise in the education sector, helping institutions maintain clean, safe, and well-managed campuses for students and staff.

"HES has established a high-quality platform in a resilient end market, supported by strong customer relationships and a service-first culture," said Jeff Sheu, Managing Director and Head of Services Investments at GI Partners. "We're pleased to partner with the HES leadership team to support the next phase of growth through continued investment in people, processes, and scalable infrastructure."

"Partnering with GI Partners represents an exciting opportunity for HES," said Charlie Spencer, Chief Executive Officer. "Their experience in scaling service-driven organizations aligns well with our long term vision, and strengthens our ability to invest in our people, enhance operational excellence and expand across K-12 and higher education, and selectively into adjacent end markets. We look forward to the growth and value we will create together."

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"HES is proud to announce our new partnership with GI Partners as we enter an exciting new chapter of growth," added Buddy Helton, Chairman of the Board. "This partnership position's us to accelerate our strategic initiatives and continue building value at scale across our markets. With GI Partners support and expertise, we are confident in our ability to expand our reach while maintaining the service excellence that defines HES."

About HES Facilities Management

Founded in 2020 HES Facilities Management is a facilities services provider headquartered in Knoxville, Tennessee, with operation's and partnerships across the United States. The company specializes in custodial and facilities management services for educational institutions, serving client's ranging from K–12 school districts to colleges, and universities. It's leadership team brings decades of experience in supporting and maintaining education facilities.

About GI Partners

Founded in 2001, GI Partners is a private investment firm with offices across the United States and the United Kingdom. The firm has raised more than $49 billion and invests in private equity, real estate and data infrastructure. Its private equity investments focus mainly on healthcare, services, and software companies, while its real estate strategy targets technology, healthcare and other specialized property sectors.

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