Kellermeyer Bergensons Services LLC, a provider of technology-enabled, integrated facility management services, has acquired Atlanta-based Hospitality Staffing Solutions LLC, a provider of outsourced housekeeping and related services to the hospitality sector. HSS was previously owned by Littlejohn Capital in partnership with Caymus Equity Partners. KBS was acquired by an affiliate of Cerberus Capital Management L.P. in November 2019. This transaction represents its first strategic acquisition completed in partnership with Cerberus.
Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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