Knightsbridge Closes Asset Purchase of the Strata Division of Reflective Window Cleaning
Vancouver, BC, August 30, 2018 – Charleswood Capital (“Charleswood”) is pleased to announce that its portfolio company, Knightsbridge Property Services (“Knightsbridge” or the “Company”), has acquired the strata division of Reflective Window Cleaning (“RWC”). Based in Langley, RWC specializes in residential, retail, and commercial window cleaning in Langley, South Surrey, and White Rock.
In addition to a trusted local crew, Knightsbridge gains new relationships with over one hundred strata, fifteen property managers, and three property management firms. The acquisition allows Knightsbridge to diversify its clientele and expand its service area into the southern Lower Mainland, where access can be challenging for Vancouver-based maintenance companies.
“The purchase of RWC’s strata contracts accelerates Knightsbridge’s market penetration towards the South Surrey and White Rock area,” said Ken Wu, principal of Charleswood Capital. “The transaction allows the Company to become a significant player in the region. The new relationship enables us to continue executing a cross-sale strategy with our extensive service offerings.”
Reflective Window Cleaning has seen tremendous growth over its seven years of operation due to its high quality service and exceptional local reputation. The vendor is committed to a smooth transition, and will partner with Knightsbridge for future leads in strata sales and operations outlined in a comprehensive consulting agreement.
About Knightsbridge Property Services
Knightsbridge Property Services is a leading strata and commercial property cleaning and maintenance company with over 25 years' experience serving Vancouver and the Lower Mainland. The Company provides exterior cleaning, handyman and janitorial services, and full-service building maintenance to over 600 regular clients. Knightsbridge is headquartered in Port Coquitlam, British Columbia. www.knightsbridgeps.com
About Reflective Window Cleaning
Founded in 2011, Reflective Window Cleaning is a professional window and exterior cleaning company delivering “quality first” service to commercial businesses, strata complexes, and residential homeowners. RWC is based in Langley, British Columbia, and serves the Langley, Surrey, and White Rock area. www.reflectivewindowcleaning.ca/index.html
About Charleswood Capital
Charleswood Capital is a Vancouver-based private equity firm in Western Canada with a mandate to strengthen established local small to medium-sized private businesses with a system to facilitate founder transition, optimize operation, and foster sustained growth.www.charleswoodcapital.com/