---
title: "Vesterra Capital acquires facilities maintenance platform PHFM"
url: https://burnaze.com/article/5f251bab-a3e8-4012-83a3-102ebe58381f
source: "PE Hub"
original_url: https://www.pehub.com/vesterra-capital-acquires-facilities-maintenance-platform-phfm/
author: "Iris Dorbian"
category: "Finance"
topics: ["Finance & M&A"]
published: 2026-07-23T12:07:45.000Z
modified: 2026-10-31T12:09:03.087Z
image: https://images.unsplash.com/photo-1560520653-9e0e4c89eb11?w=1600&q=80&auto=format&fit=crop
---

# Vesterra Capital acquires facilities maintenance platform PHFM

**TL;DR:** Vesterra Capital Partners has acquired PHFM, a facilities maintenance platform, from Powerhouse Services. The transaction establishes PHFM as a standalone provider of interior and exterior facilities maintenance services.

*By Iris Dorbian, originally published in PE Hub on 2026-07-23. [Read the original](https://www.pehub.com/vesterra-capital-acquires-facilities-maintenance-platform-phfm/).*

## Story

Vesterra Capital Partners (formerly known as Comvest Private Equity) has acquired PHFM, a Columbus, Ohio-based facilities maintenance platform, from Powerhouse Services, a Lincolnshire Management portfolio company. No financial terms were disclosed.

The transaction establishes PHFM as a standalone, independent provider of interior and exterior facilities maintenance services. PHFM serves multi-location businesses across retail, restaurant, healthcare, education, grocery, industrial, and other end markets.

PHFM will continue to be led by its existing management team, including CEO Michelle Egan.

> “We are excited to welcome PHFM to the Vesterra portfolio and to partner with Michelle and her talented team,” said Maneesh Chawla, managing partner of Vesterra in a statement. “PHFM exemplifies our strategy of partnering with market-leading services businesses within our core sectors that can benefit from Vesterra’s financial and operational resources to accelerate growth.”

Baird served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Lincolnshire and Powerhouse in connection with the transaction.

Citizens and Piper Sandler & Co. served as Vesterra’s financial advisors, and Paul Hastings LLP served as its legal advisor.

## Entities

- private equity (topic)
- Finance (sector)
- acquisition (topic)
- PE Hub (publication)
- Iris Dorbian (person)
- Baird (company)
- Kirkland & Ellis LLP (company)
- Paul Hastings LLP (company)
- Vesterra Capital Partners (investor)
- Piper Sandler & Co. (company)
- PHFM (company)
- Powerhouse Services (company)

---
Originally reported by Iris Dorbian, PE Hub (https://www.pehub.com/vesterra-capital-acquires-facilities-maintenance-platform-phfm/). Summarized by Burnaze (https://burnaze.com/article/5f251bab-a3e8-4012-83a3-102ebe58381f).