The Firm is representing Blackstone (NYSE: BX) and GCA Services Group, Inc. in connection with Blackstone’s sale of GCA to Thomas H. Lee Partners, L.P. and the Merchant Banking Division of Goldman Sachs. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2016.
GCA Services is a leading national provider of janitorial/custodial services, facilities operations and maintenance, grounds management and other outsourced workforce solutions to the education, commercial and rental car end markets. Founded in 2003, GCA has over 37,000 employees in 46 states, the District of Columbia and Puerto Rico. GCA serves over 930 clients in a variety of sectors, including K-12 schools, higher education, manufacturing, corporate office buildings, high-tech, bio-pharmaceutical, nuclear power, defense, the rental car market and others.
The Simpson Thacher team includes Lauren Colasacco, Kirsten Popoff and Bassam Chain (M&A); Alden Millard and Brian Gluck (Credit); Gary Mandel and Sophie Staples (Tax); Gregory Grogan, David Mollo-Christensen and Nadine Mompremier (Executive Compensation and Employee Benefits); Mike Isby (Environmental); Peter Thomas, Peter Guryan, Michael Naughton, Ellen Frye, Kenneth Ehrhard and David Shogren (Regulatory); Genevieve Dorment (Intellectual Property); and Krista McManus (Real Estate).