The "100 days of summer" is the time frame leading up to and running between the US Memorial and Labor Day holidays and is traditionally busy for the HVAC, Refrigeration, and Food Service/Beverage Trades. The higher temperatures directly translate into more wear and tear on equipment and building systems - and the urgency to resolve issues quickly is ramped up as foot traffic increases.
Facilities Management News
Retailers are increasingly recognizing the importance of sustainability in their operations, not only to reduce their environmental impact but also to save money and meet evolving consumer expectations. According to a report by the National Retail Federation and IBM, nearly two-thirds of consumers prefer to buy from companies with sustainable practices, and more than half are willing to pay more for sustainable products.
Vixxo is a Leading Provider of Tech-Enabled Facilities Maintenance Services
Braemont Investment to Support Organic and M&A-driven Growth Initiatives
Braemont Capital (“Braemont” or the “Firm”), a relationship-driven investment firm that partners with founders, families and ownership-minded management teams to invest in exceptional companies at growth inflection points, announced today that it has made a growth equity investment in Vixxo Corporation (“Vixxo”), a leading provider of tech-enabled facilities maintenance services.
Headquartered in Scottsdale, Arizona, Vixxo offers comprehensive facilities management, trade services, and project services, to the world’s leading brands. With an expansive service provider network, proactive analytics, and a cutting-edge cost management platform, Vixxo leverages its in-depth expertise to provide nationwide facilities solutions that meet the unique needs of their customers.
Vixxo has a long and established reputation in the facilities maintenance industry, leveraging its in-house technicians, network of third-party service providers and proprietary technology platform to deliver top-quality repair and maintenance services to its customers. Braemont's investment positions Vixxo to expand its service offering to capitalize on the growing demand for tech-enabled facilities maintenance solutions.
“We are incredibly excited to partner with Vixxo management and ownership to continue building on the Company’s impressive track record of delivering exceptional, tech-enabled facilities maintenance services,” said Jeff Volling, Partner at Braemont Capital. “Vixxo operates in a large and growing market with a differentiated and attractive business model, making them well-positioned for future growth. Our investment will support the Vixxo team as they pursue both organic and M&A-driven growth initiatives, enabling them to further expand their market presence and strengthen their position as a leader in the industry,” continued Mr. Volling.
“Braemont’s investment in Vixxo is a strong vote of confidence in our company at an exciting point in our history. We are pleased to partner with Braemont, a firm that not only supports our strategy and business goals, but also shares our core values,” said Jim Reavey, President and CEO of Vixxo. “We look forward to continuing to build on our advantages in technology, expertise, and the ability to offer proactive analytics as we strive to perfect operations for the world’s best brands,” continued Mr. Reavey.
If there's one thing in common between C-store, retail, and food service, it's that customer experience is paramount. Customers are assessing your business from the moment they set foot in your establishment. How is the service? Am I comfortable? How much time will I spend here? Is this worth the price? According to Forrester research, brands saw a nearly 20% drop in customer experience in 2022, meaning customers are more likely to take their business to competitors. When the first impression is the most important, make sure it's exceptional.
Vixxo has a tradition of supporting global sustainability initiatives each Earth Day, and this year, we are working with ONETREEPLANTED to support reforestation around the world.
Reforestation makes an impact to reducing carbon dioxide (CO2) levels in the atmosphere through carbon sequestration, which is the process of capturing and removing CO2 from the earth's atmosphere. The average tree absorbs an average of 10 kilograms, or 22 pounds,
of carbon dioxide per year in its first 20 years of life.
To support ONETREEPLANTED on their mission to reduce CO2 levels and green the planet, we are planting over 3,000 trees on behalf of our key customer contacts, Service Providers, and employees.
Tim O’Donnell, General Manager for Vixxo's Sign & Lighting Division, was presented the Kirk L. Brimley Distinguished Service Award during a reception held in his honor at the 2023 ISA International Sign Expo.
Topics: Signs & Lighting
Every business needs a thoughtful and tailored facilities management solution. Whether handling logistics for new equipment installations or repairs or maintaining signage and lighting, operating your locations is a full-time job with additional costs. For convenience or grocery stores, maximizing budget efficiency is a top priority, and for this reason, proper facilities management is a necessity. Facilities management can help reduce costs by an average of 5-15% while improving your customer and employee experience.
Topics: Cost Efficiencies
Operating multiple retail, convenience store, and food service business locations comes with various challenges in reducing downtime and minimizing disruptions. Equipment breakdowns, maintenance and repair issues, and lack of access to skilled trade labor can put a dent in your bottom line when you consider these disruptions mean lost sales and costly expenses.
Topics: Cost Efficiencies Equipment
Companies outsourcing their facilities management typically save between 10 and 15% annually. For c-store, grocery, and retail, this accounts for a sizable chunk of the operating budget. Finding the right facilities management partner can be a game-changer, providing access to skilled labor, consistent maintenance, project management, tailored services, and even help with scalability and expansion, all with transparent costs and an overall reduction in expenses.