Whiterose Janitorial Services aquired by Golden Spruce Capital

Whiterose Janitorial

We are pleased to announce the sale of our client Whiterose Janitorial Services LTD. (“Whiterose Janitorial Services”), a cleaning, maintenance and superintendent service provider based in Toronto, Canada, to Golden Spruce Capital Inc. (“GSC”), a Toronto-based private equity firm.

Springbank Capital Corp. (“Springbank”) acted as the exclusive financial advisor to Whiterose Janitorial Services.

About Whiterose Janitorial Services LTD.:

Whiterose Janitorial Services began in 1986 as a small family-run business with a commitment to quality and customer service. Since then, Whiterose Janitorial Services has grown to provide a full range of turnkey cleaning and building maintenance services across the GTA. We specialize in the retail, commercial, industrial and institutional sectors, in addition to servicing shopping centres and condominiums

About Golden Spruce Capital Inc.:

GSC is a Toronto-based pool of entrepreneurial capital, seeking to acquire best-in-class small and medium sized businesses across North America.  GSC works with owner-operated business owners who are looking to retire, or de-risk their asset base, through facilitating an opportunity to monetize their business, while maintaining the legacy of their company. GSC is supported by a storied group of investors, with experience in the Healthcare, Manufacturing, Technology, Retail, Oil Field Services, Food and Beverage and Logistics industries.

About Springbank Capital Corp.:

Springbank brings investment banking to mid-market businesses in Canada. It offers one-on-one, customized services, an extensive and proven track record of completed deals, and an international reach – all underpinned by an understanding of and passion for what it takes to succeed in the Canadian mid-market. Springbank’s President, Jennifer Chasson, is also a Partner with Zeifmans LLP, a Toronto-based accounting practice that combines the capabilities and world reach of a multinational, with the efficiency and service of an independent practice.