Veritas Capital to Acquire BGIS

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July 15, 2026 8:00 AM EDT

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NEW YORK & MARKHAM, Ontario--(BUSINESS WIRE)-- Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that it has entered into a definitive agreement to acquire BGIS (“the Company”) from CCMP Capital Advisors, LP (“CCMP”) and Alberta Investment Management Corporation (“AIMCo”). BGIS is a global leader in technical integrated facilities management (IFM) services, combining deep engineering expertise with proprietary technology to serve public and private sector clients across mission-critical environments. Veritas will partner with CEO Gord Hicks and the BGIS management team, who will continue to lead the Company, to support BGIS’ long-term growth strategy.

Public sector agencies, commercial clients, and operators of critical technology infrastructure rely on BGIS to manage and optimize their complex real estate portfolios on a global scale. BGIS combines a highly skilled technical workforce with a purpose-built Digital Facility Management platform to help clients improve operational performance, increase resiliency, and maximize the value of their real estate assets. Today, the Company manages more than 65,000 facilities totaling over 620 million square feet globally.

"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," said Hicks. "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."

“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,” said James Dimitri, Partner & Co-Head of Flagship Private Equity at Veritas Capital. “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.”

“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,” noted Greg Brenneman, Executive Chairman at CCMP, and Mark McFadden, Co-Managing Partner at CCMP. “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,” added Patrick McGrath, Managing Director at CCMP.

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including applicable regulatory approvals. Financial terms of the transaction were not disclosed.

Citi served as lead financial advisor to BGIS, with TD Securities Inc. serving as co-advisor, and BMO Nesbitt Burns Inc. and CIBC World Markets Inc. also serving as financial advisors to BGIS. Ropes & Gray LLP is serving as legal counsel to CCMP Capital and BGIS. Torys LLP is acting as legal counsel to AIMCo. Gibson, Dunn & Crutcher LLP and Milbank LLP are acting as legal counsel to Veritas.

About BGIS

BGIS is a global leader in technical integrated facilities management services, combining deep engineering expertise with purpose-built Digital Facility Management (DFM) technology to serve public and private sector clients across mission-critical operating environments. With a team of more than 12,000 employees, BGIS is relentlessly focused on delivering innovative service solutions to drive value for its clients. Globally, BGIS manages over 65,000 facilities totaling more than 620 million square feet. In addition to managing a diverse portfolio of industrial, government, commercial, healthcare, education, and specialty retail assets, BGIS is a global leader in the commissioning and management of data centers and other critical environments. For more information, visit www.bgis.com.

About Veritas Capital

Veritas is a longstanding technology investor with over $54 billion of assets under management and a focus on companies operating at the intersection of technology and government. The Firm invests in companies that provide mission-critical products, services and software, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, energy and national security, is core to the Firm. Veritas is a proud steward of national and global assets, focused on improving the quality of healthcare while reducing cost, advancing educational systems, accelerating energy transition and protecting our nation and allies. For more information, visit www.veritascapital.com.

About CCMP

CCMP Capital Advisors, LP (“CCMP Capital”) successfully invested in middle market buyouts and growth equity in high growth companies for two decades. CCMP Growth Advisors (“CCMP Growth”) was formed as the successor firm to CCMP Capital in 2022 as part of a long-planned transition to the next generation of leadership to manage new capital deployment. CCMP Growth focuses on buyout and growth equity investments in high-growth, lower middle market companies in the industrial and consumer sectors, primarily in North America. More information about CCMP Growth is available at www.ccmpgrowth.com.

About Alberta Investment Management Corporation

Alberta Investment Management Corporation (“AIMCo”) is one of Canada’s largest and most diversified institutional investment managers with more than CAD$194.7 billion of assets under management as at December 31, 2025. AIMCo invests globally on behalf of pension, endowment, insurance, and government funds in the Province of Alberta. With offices in Edmonton, Calgary, Toronto, London, and Luxembourg, AIMCo’s more than 200 investment and risk professionals bring deep expertise in a range of sectors, geographies, and industries. For more information, visit www.aimco.ca.