Verso Capital has completed its first acquisition, marking the debut of the new buyout firm in the facilities maintenance sector.
The deal underscores growing private equity interest in the mid-market services segment, even as larger transactions dominate headlines.
The announcement comes as the auction for Programmed, a services and facilities maintenance business valued at over $700 million, intensifies.
According to reports from the Australian Financial Review, Verso’s investment strategy focuses on companies generating between $2 million and $10 million in EBITDA on a deal-by-deal basis.
This niche positioning allows the firm to target smaller, often overlooked businesses that may not attract the attention of larger private equity players.
The announcement comes as the auction for Programmed, a services and facilities maintenance business valued at over $700 million, intensifies.
While major funds compete for the larger asset, mid-market private equity firms are actively sifting through the smaller end of the market for promising opportunities.