Jul 7, 2026 – 1.26pmAs the auction for $700 million-plus services and facilities maintenance business Programmed ramps up, mid-market private equity has been sifting through the smaller end of the town for promising bets to play the unsexy but highly lucrative sector.Street talk can reveal Verso Capital Partners, co-founded by former Redwood North operative Nick Prebble and former Miles Advisory banker Craig Andrews in October, has swooped on Grange Banks, a provider of commercial painting, coatings and asset protection services in Victoria and Western Australia.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Newbie buyout firm inks maiden deal in facilities maintenance sector
Prebble told Street Talk that Verso’s charter is to target companies making between $2 million to $10 million EBITDA on a deal-by-deal basis.
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