In M&A news, Sauers Snow & Ice Management announced this week it has been sold to New York-based Orion Group, a commercial facility services company backed by private equity money. The transaction closed June 16.
The company serves the commercial sector throughout eastern Pennsylvania, southern and central New Jersey, and northern Delaware. In addition to specializing in snow plowing and snow and ice management, the company providing commercial landscape maintenance services in the summertime.
The Sauers family -- siblings Stephanie, Mike, and Joe -- are no strangers to Snow Magazine readers. Located in Warminster, Pa., the company’s snow and ice management operation makes an annual presence on The Top 100 list, they have contributed their insights to educational discussions and editorial content in the magazine, and company President Stephanie Sauers is a past recipient of The Leadership Award. Likewise, Sauers played a key role in the grassroots effort to get the Accredited Snow Contractors Association’s model legislation passed into law in Pennsylvania.
Both Stephanie and Mike will remain on as president and director of sales, respectively. Joe is transitioning out of the company's daily operations to pursue other business interests.
Located in New York, New York, Orion Group (Orion) is a commercial facility services company actively partnering with family-owned service providers. Orion is building national platforms in several field services sectors by investing in businesses with strong teams and cultures, and by creating growth opportunities. Orion is backed by Alpine Investors, an investment firm that focuses on partnering with and developing exceptional people to grow businesses. Alpine has been an investor in field services for more than a decade.
"The business and cultural fit were important as well as giving Orion a major presence in the east," says Doug Smith, senior managing director M&A at General Equity, an M&A advisor that brokered the deal for Sauers.