Veritas Capital has entered into a definitive agreement to acquire BGIS from CCMP Capital Advisors and Alberta Investment Management Corporation. The financial terms of the transaction were not disclosed.
BGIS CEO Gord Hicks and the company’s existing management team will continue leading the business following the acquisition. Veritas plans to provide additional capital and operational resources to support BGIS’ long-term growth, digital technology strategy and acquisition activity.
The transaction is expected to close during the fourth quarter of 2026, subject to regulatory approvals and other customary closing conditions.
BGIS provides technical integrated facilities management services to public-sector agencies and commercial organizations operating complex and mission-critical properties.
The company combines engineering expertise, a large technical workforce and proprietary Digital Facility Management technology to help customers operate and maintain real estate portfolios.
BGIS currently manages more than 65,000 facilities totaling over 620 million square feet worldwide. Its workforce includes more than 12,000 employees.
The company supports a broad range of properties, including government buildings, industrial facilities, commercial real estate, healthcare properties, educational campuses and specialty retail locations.
BGIS also provides commissioning and facilities management services for data centers and other critical environments where system availability, resilience and operational reliability are essential.
Customers use BGIS’ services to reduce operating costs, maintain equipment, improve building performance and extend the useful life of real estate assets.
The company’s integrated facilities management model brings together maintenance, engineering, energy management, workplace services and technology through a coordinated operating platform.
Its Digital Facility Management technology helps customers monitor buildings, manage service requests, analyze operating information and make more informed decisions across large portfolios.
Veritas believes BGIS has created a durable competitive position by combining specialized employees with proprietary technology.
The private equity firm plans to apply its technology investment experience to help BGIS accelerate its digital and artificial intelligence roadmap.
Potential initiatives include expanding AI-enabled facilities management tools, improving operational automation and providing customers with additional data-driven insights.
Veritas also plans to support BGIS as it deepens its existing services and expands through strategic acquisitions.
BGIS has operated for more than three decades and has developed long-term relationships with customers that depend on the company to manage important infrastructure and real estate assets.
Mission-critical facilities require specialized technical knowledge because disruptions can affect government services, business operations, healthcare delivery, technology infrastructure and other essential activities.
BGIS’ services are intended to help customers maintain continuity while improving safety, sustainability and productivity.
The acquisition continues Veritas Capital’s strategy of investing in businesses operating at the intersection of technology and government.
Veritas manages more than $54 billion in assets and focuses primarily on companies providing mission-critical software, services and technology-enabled products to public-sector and commercial customers.
The firm seeks to grow portfolio companies through internal investment, technology development and acquisitions.
Veritas has invested across healthcare, education, energy and national security, where technology can improve the performance of important institutions and infrastructure.
BGIS’ government customer base, technology platform and work across critical operating environments align with that investment strategy.
CCMP and AIMCo have owned BGIS since 2019. During their ownership, the company expanded through acquisitions and increased investment in technology, employees and service capabilities.
BGIS said those investments created a stronger foundation for its next phase of growth.
The company expects its partnership with Veritas to provide the capital and expertise needed to continue expanding while maintaining its existing service standards and customer relationships.
Support: Citi served as BGIS’ lead financial advisor, while TD Securities acted as co-advisor. BMO Nesbitt Burns and CIBC World Markets also served as financial advisors to BGIS. Ropes & Gray is serving as legal counsel to CCMP and BGIS, while Torys is acting as legal counsel to AIMCo. Gibson, Dunn & Crutcher and Milbank are serving as legal counsel to Veritas.
KEY QUOTES:
“For more than 30 years, BGIS has partnered with clients to optimize their real estate portfolios, reduce operating costs, and create safe, resilient, productive, and sustainable environments. Our success has been built on long-standing client relationships, exceptional talent, and a relentless commitment to innovation. We are grateful for CCMP and AIMCo’s outstanding partnership as we meaningfully accelerated our growth through M&A and investments in people and technology since 2019. With this strong foundation in place, we are excited to partner with Veritas as we continue executing on our long-term strategy. This investment reflects confidence in our people, our business, and the value we deliver every day. Veritas shares our vision and brings additional resources and capital to accelerate growth, expand our capabilities, and further invest in AI-enabled solutions. Most importantly, this partnership strengthens our ability to support clients and Team Members while maintaining the highest quality standards that have defined BGIS.”
Gord Hicks, CEO of BGIS
“BGIS has spent decades building its reputation as a leading independent IFM provider through a focus on operational excellence, technical talent, and a culture of continuous innovation. We see strong parallels with prior Veritas investments where specialized human capital and proprietary technology create a durable competitive advantage. We look forward to partnering with Gord and the BGIS team to leverage Veritas’ technology investing playbook to accelerate its digital and AI roadmap, deepen its service capabilities, and drive strategic M&A to further extend the company’s capabilities.”
James Dimitri, Partner and Co-Head of Flagship Private Equity at Veritas Capital
“CCMP has been privileged to partner with Gord Hicks and his team since 2019, and we are proud of the growth BGIS has delivered by consistently driving exceptional client outcomes and investing in its leading technology platform. Our deep respect and thanks go out to Gord and his team, and we wish continued success to BGIS and Veritas as they execute on the exciting growth opportunities that lie ahead.”
Greg Brenneman, Executive Chairman at CCMP; Mark McFadden, Co-Managing Partner at CCMP; and Patrick McGrath, Managing Director at CCMP
