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Management And Training

BMO Mezzanine Fund provides financing to FacilitySource

October 13, 2011
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COLUMBUS, OH — FacilitySource has received an investment of $10 million from BMO Capital Markets'' (BMO) Mezzanine Fund, according to a press release.

This infusion of capital will allow FacilitySource to fund growth and strategic capital expenditures, including expansion of its offices in North America and Europe, continued investment in its software applications to support retail facility management solutions, as well as pursue potential strategic acquisitions, the release stated.

"FacilitySource has been growing 25 percent to 30 percent each year since we took our solution to market. The capital provided by BMO''s investment will allow us to double the capacity of our service optimization centers that support over two million helpdesk calls per year," said FacilitySource Chief Executive Officer (CEO) Bill Hayden.

"We will also direct capital to drive innovations in the retail facility management industry — by creating new online applications and web-based communities to service our current and future clients," Hayden added.

According to the release, FacilitySource''s solutions support the facilities management function for North American and international clients in the retail, restaurant, automotive and other industries with multi-site operations.

Click here to read the complete release.

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