Steam Cleaning Specialists, a regional leader in commercial kitchen hood and duct cleaning, has been sold after a four-month marketing campaign that closed on August 30, 2025 — at a price 17% above the company’s appraised value.
Listed April 4, 2025, the business attracted buyer interest quickly thanks to a steady base of roughly 700 customers across the Black Hills and recurring, mission-critical contracts with restaurants and institutions. The buyer financed the purchase with an SBA loan supplemented by a substantial owner secondary note, a structure that preserved cash flow for the operation while meeting lender requirements.
Deal snapshot
- Listed: April 4, 2025
- Closed: August 30, 2025 (≈4 months)
- Sale premium: 17% above appraisal
- Financing: SBA loan + owner secondary note
- Model: Two-person teams operating from outfitted vans; low capital intensity and predictable recurring revenue
“Tom is a vital asset to IAG. I honestly don’t think this deal would have happened without his attention to detail,” wrote seller Mike Willard in a five-star review of the transaction. That client confidence reflected careful positioning, clean operational records, and a sale process focused on matching the business with buyers who understood the market dynamics.
What made Steam Cleaning Specialists especially attractive to buyers and lenders was a combination of repeatable revenue, low incremental capital requirements, and disciplined operations — the sort of profile that reduces perceived risk and often commands a premium. The buyer brought industry experience and a willingness to use creative financing to get the deal done, which accelerated the closing timeline.
Under new ownership, Steam Cleaning Specialists will continue operating in the Black Hills region with the same service cadence and customer commitments that built its reputation. The transaction preserves local continuity while creating room for steady, operationally driven growth.
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