Ned Stevens is a leading provider of all gutter and outdoor cleaning services. The Company provides year-round, full-service gutter cleaning, maintenance, installation, repair and other closely-aligned exterior residential maintenance services. Ned Stevens also offers extensive cleaning services for decks, roofs and siding.
How We Partnered
Transaction Dynamics
A partnership with management to purchase the company from a private owner. Management made a significant investment in the company as part of the transaction.
Investment Thesis
- Non-discretionary, required service provided to a stable and diverse residential customer base
- Established player in a fragmented market
- Recurring service model supported by subscription-based programs
- Attractive financial profile and free cash flow conversion
- Multiple avenues for growth, including developing small locations, expanding to new locations and enhancing marketing programs
Incline Value Enhancement
- Reorganized management team and recruited new CFO
- Enhanced marketing and pricing strategy
- Grew geographic presence nationally
- Upgraded technology and training platforms
