Latest News
Sweeping Corp. of America Made Fourteen Acquisitions in 2022
Wednesday 25 January 2023

Cleveland, US-based Sweeping Corp. of America, the largest power sweeping company in the United States, acquired fourteen sweeping service companies in 2022 to expand the company's nationwide footprint and strengthen its service offerings in key markets throughout the country, the company said.

The growth plan was fueled by eight acquisitions of companies in California, after completing five in the state in 2021.

Additional acquisitions in the Carolinas, Delaware, Indiana, Maryland, and Virginia strengthened SCA's market leading position in each state.

These additions to the SCA family are strong fits due to their customer contracts, customer service reputation and market position.

With these transactions, SCA grew its team to over 2000 employees in its 70+ locations.

Since its inception in 2017, SCA has acquired forty-nine companies. In 2020 Warburg Pincus, a global private equity firm, made a strategic investment in SCA to expand the company's growth initiatives.

Warburg Pincus and the SCA executive team are partnering together to accelerate SCA's growth with a focus on providing its customers with leading street sweeping services.

Sweeping Corp. of America, based in Cleveland, Ohio, is the largest provider of outsourced street sweeping services in the US.

The company provides street, highway, and parking lot sweeping, as well as jet vac services to municipal governments, state Departments of Transportation, and commercial and industrial customers.

SCA has been an active consolidator in the highly fragmented sweeping industry, completing 34 acquisitions since 2017.

On November 30, 2020, private equity firm Warburg Pincus completed an investment in SCA and backed the management team in its efforts to grow its market position both organically and through M&A.

Since Warburg Pincus' investment, SCA has grown from 35 sites in the eastern US to more than 70 sites nationwide.
Details
Date Published: 25/01/2023

Options