Veritas Capital agrees to buy BGIS from CCMP and AIMCo

Veritas Capital has agreed to acquire BGIS, a facilities management services company based in Markham, Ontario, PE Hub reported. The company manages more than 65,000 facilities globally, making the transaction a notable ownership change in outsourced building and workplace services.

The sellers are CCMP Capital Advisors and Alberta Investment Management Corporation, according to PE Hub. The transaction is expected to close in the fourth quarter of 2026.

BGIS will continue to be led by chief executive Gord Hicks and the existing management team after the deal, PE Hub reported. Continuity in management can be material in services businesses where customer relationships, contract delivery and operating processes are central to performance.

An acquisition agreement of this type sets out the transfer of ownership from the selling shareholders to the buyer, with completion typically dependent on closing conditions being satisfied before the stated timetable. PE Hub did not report additional details on the transaction structure in the accessible announcement.

BGIS operates in facilities management, a business services segment tied to the operation and oversight of physical assets. The reported global footprint of more than 65,000 facilities indicates exposure across a broad customer base and multiple property types, though PE Hub did not provide a breakdown by region or client sector.

For Veritas Capital, the agreement adds a large facilities management platform to its portfolio if the transaction closes as expected. For CCMP Capital Advisors and Alberta Investment Management Corporation, the deal represents an agreed exit from BGIS, subject to completion.

No further terms were reported by PE Hub in the accessible announcement.

This story draws on original reporting from PE Hub.