by Rebecca Walker — September 20, 2010—FM Facility Maintenance announced it has raised $12 million in a Series A Preferred Stock offering. The capital investment will be used for strategic acquisitions in the facility maintenance industry, says the company.
“Retail customers are being forced to look at new ways to maximize service leverage while reducing cost which plays well for FM’s unique guaranteed rate model,” said Jim Reavey, the company’s president and chief executive officer.
FM Facility Maintenance is a leading provider of facility management for clients with multisite restaurant and retail locations in the United States. The company manages over 30,000 customer locations nationwide, representing more than 1 million service requests annually. For more information, see the Web site.
