West Sweeping Services Holdings, LLC acquires Szeremi Sweeping Service, LLC

November 4, 2021
Szeremi Broadtree Photo

Bryan and Andrea Szeremi, Founders of Szeremi Sweeping with WSS CEO Manny Saxena

November 3, 2021 – West Sweeping Services Holdings, LLC (“West Sweeping), a portfolio company of a mid-market private equity fund, Broadtree Partners, announced today that it has acquired Szeremi Sweeping Service, LLC (“Szeremi Sweeping”). Bank Prov provided senior debt and True West Capital Partners (“True West”) provided subordinated debt to support Broadtree’s acquisition of the companies.

Szeremi Sweeping, a Sacramento based company, is one of Northern California’s largest construction sweepers. It provides sweeping services for construction, residential and municipality customers. Bryan and Andrea Szeremi, the founders will be equity holders of West Sweeping and will continue to support the operations of Szeremi Sweeping and provide meaningful support to West Sweeping.

“Szeremi Sweeping is synonymous with high quality operators, equipment and customer service in the market. I couldn’t be more excited to bring Szeremi Sweeping in the West Sweeping family and take the platform to new heights.” said Manvendra “Manny” Saxena, President and CEO of West Sweeping. “We are also actively looking to add other companies to our family via acquisition and partnership with organizations that share our ethos of quality of service, culture of safety and hard work in a family environment.”

“We are very excited to be part of this experience during this next phase of Szeremi Sweeping. This partnership will allow Szeremi Sweeping to advance to new unimagined levels within the sweeping industry. We believe that Manny Saxena and Broadtree have seen our vision and will continue to keep the core values we have created within the company, employees, and customers. We look forward to the future and are glad to be a part of the next chapter.” said Bryan and Andrea Szeremi, the Founders of Szeremi Sweeping.

“Broadtree is extremely excited to welcome the Szeremi family and team into the West Sweeping family of companies. Bryan and Andrea built a fantastic business and a competitor that we have admired for multiple years now. We are excited to partner with them and believe the combination of West Sweeping and Szeremi Sweeping will create a powerful regional competitor. Importantly, our shared values and focus on quality of service and a culture of safety will make for a synergistic combination.” said Brad Batten, Managing Partner at Broadtree.

“True West is excited to support the team at West Sweeping and Broadtree in this transaction which greatly enhances its position as the dominant commercial sweeping company in the region.” Said Brian Hayden, Managing Director at True West.” said Brian Hayden, Managing Director, True West Capital Partners.

Moore & VanAllen served as legal advisor to Broadtree and WKBK&Y LLP served as the legal advisor to Szeremi Sweeping.

About West Sweeping
West Sweeping is a platform holding company created to acquire power sweeping companies that perform street, highway, construction, parking lot, and industrial power sweeping to private and government entities. Apart from Szeremi Sweeping, West Sweeping currently owns Contract Sweeping Services, LLC (“Contract Sweeping”) and Statewide Construction Sweeping, LLC (“Statewide). Contract Sweeping is one of California’s largest municipal street sweeping service providers to California’s largest municipalities, cities, and waste management companies. Statewide Construction Sweeping, LLC is the largest construction sweeper in Northern California and provides regulatory required sweeping services for General Contractors mainly involved in highway and road improvement projects.

About Broadtree Partners
Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market Private Equity firm with an operator-centric model. Broadtree’s unique executive-in-residence approach provides both institutional capital as well as sophisticated operating resources to transform and grow founder-owned businesses in the lower-middle market. Broadtree’s team of operators and entrepreneurs transition to running the day-to-day operations after an acquisition which allows owners to smoothly exit their companies and seamlessly change leadership while preserving their legacy; or to partner with founder-led teams to further accelerate growth. Broadtree’s goal is to fuel stable, long-term growth while preserving the company’s core values.
Learn more at www.broadtreepartners.com

About True West Capital Partners
True West Capital Partners is a West Coast-based investment firm that provides flexible and creative growth capital to middle-market companies in the Western U.S. True West Capital Partners typically makes investments from $5 to $25 million in businesses with proven management teams, strong barriers to entry, sustainable competitive advantages, and high free cash flows. www.truewestcp.com

About Bank Prov.
Bank Prov. is a direct lender headquartered in Amesbury, Massachusetts. Serving local communities for over 200 years, Bank Prov is an innovative commercial bank that finds solutions for business and private clients. Bank Prov is committed to strengthening the economic development of the region it serves. Learn more at www.bankprov.com

Contact:
Elizabeth Spotts
espotts@broadtreepartners.com

logo-light

About Us

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses where the owners are looking to transition from their current roles. We specialize in providing opportunities for owners to smoothly exit their companies and seamlessly change leadership, while preserving their legacy. 

This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

Contact Info

Broadtree Partners, LLC
101 S. Tryon Street, Suite 2700
Charlotte, NC 28280

(704) 228-1262

The information on this site is intended solely for the benefit of firms and companies seeking private equity investment capital by providing general information on our services and philosophy. The material on this site is for informational purposes only and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a security nor is it to be construed as legal, tax or investment advice. Unless otherwise indicated, any information available through this site is as of the date indicated therein and may not be updated or otherwise revised to reflect information that subsequently becomes available. Broadtree Partners is under no obligation to update the information contained on this site. Additionally, the material on this site does not constitute a representation that the solutions described therein are suitable or appropriate for any person and Broadtree Partners does not accept any liability with respect to the information. By using this site you agree to this disclaimer.

Broadtree Partners is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Broadtree makes hiring decisions based solely on qualifications, merit, and business needs at the time.

©2021 Broadtree Partners. All Rights Reserved.

Website by Exton Web Design.