FacilitySource, receives $10 million in financing
Columbus, Ohio -- Facility Source, a global provider of facility maintenance and management solutions to retailers, has received an investment of $10 million from BMO Capital Markets’ Mezzanine Fund.
This infusion of capital will allow FacilitySource to fund growth and strategic capital expenditures, including expansion of its offices in North America and Europe, continued investment in its software applications to support retail facility management solutions, as well as pursue potential strategic acquisitions.
“FacilitySource has been growing 25%-30% each year since we took our solution to market,” said company CEO, Bill Hayden. “The capital provided by BMO’s investment will allow us to double the capacity of our service optimization centers that support over two million helpdesk calls per year. We will also direct capital to drive innovations in the retail facility management industry -- by creating new online applications and web-based communities to service our current and future clients.”