Anchorage Capital Partners ("Anchorage") today announced it has completed the acquisition of TJS Services Group ("TJS").
TJS provides facilities maintenance and cleaning services for customers across Australia in the government, hospitality, education, healthcare, corporate and entertainment sectors.
TJS Chief Executive Officer Ben Bayot, said "TJS is very proud of its reputation for delivering high quality services for its customers across Australia. We are excited to work with an operationally focused capital partner that shares our strategic vision for the business."
Anchorage Managing Director, Simon Woodhouse, said "We look forward to working with Ben and the TJS team to continue their journey towards becoming a leading diversified facilities services provider in Australia."
Anchorage will be represented on the Board of TJS by Simon Woodhouse as Chairman and Daniel Wong as Non-Executive Director.About TJS
TJS provides facilities maintenance and cleaning services for customers across Australia. The business provides services to customers in the government, hospitality, education, healthcare, corporate and entertainment sectors. TJS directly employs over 400 staff and is headquartered in Sydney, Australia.About Anchorage Capital Partners
Anchorage Capital Partners is a specialist Australian private equity firm that focuses on investing in companies which have strong and established track records, but are not achieving their full potential. The funds managed by Anchorage have $450 million in committed funds. Anchorage's partners and investment professionals have considerable experience in company management, corporate strategy, management consulting and corporate finance and have a long track record of successful partnerships with management teams.