Washington, DC, (April 1, 2024) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that CMI Management, an organization that provides facilities and asset management services primarily to government agencies, has been acquired by Dexterra Group. FOCUS represented CMI Management throughout this transaction process.
Founded in 1986 by husband and wife, Abe and Azzi Abraham, CMI is an award-winning provider of turn-key facilities management services to Federal agencies including highly sought-after clients such as the U.S. Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and the Armed Forces Retirement Homes as well as to select commercial entities. Earlier in its journey, CMI Management had won a $400M BPA and supported DHS at 71 different sites across the continental U.S. The company has been recognized over the long term for delivering top-quality, personalized service with integrity.
CMI built a team of highly focused members dedicated to providing superior services to its customers. The Abrahams realized they needed an acquirer that would support the team as it pursued continued growth and success.
Dexterra Group, an Integrated Facilities Management (IFM) company headquartered in Mississauga, Ontario has been serving its clients for over 70 years. With operations in 11 of 13 provinces and territories as well as in the U.S., Dexterra provides quality solutions for ongoing maintenance and operations to clients in the aviation, defense and security, retail, commercial, private industry, healthcare, education and government sectors. The purpose of the acquisition is to expand Dexterra’s IFM platform in the U.S.
”Over the past 40 years, we have successfully built CMI into an exceptional organization with extraordinary team members,” commented Abe Abraham, CEO of CMI. “Though my wife Azzi and I have decided to move on, we are pleased that we found the right buyer. We are confident that Dexterra will continue to grow the company and carry on the legacy of excellence for our loyal clients as well as for our dedicated employees.”
“I’ve known the Abrahams for nearly 15 years and it has been a privilege to represent them during the sale of their business,” said Eric Oganesoff, Managing Director of FOCUS. “Their strong commitment to their company and their employees is to be admired and I’m pleased that we were able to match them with a great partner that will continue their legacy.”
“When it came to finding an M&A firm to take us to market, we sorted through nearly 25 firms and landed on FOCUS, a firm we have known for over 15 years,” Abraham continued. “The team at FOCUS has been exceptional. They diligently and patiently walked us through undetected challenges and consistently worked late nights to complete required due diligence. Eric [Oganesoff] and Barry [Calogero] are highly experienced bankers and they were able to professionally work through obstacles and efficiently complete this transaction. Indeed, we are satisfied with the outcome!”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
