BrightView intends to go public

May 30, 2018 -  By

BrightView logoBrightView, the industry’s largest landscape company, has set in motion the process of going public, according to a registration statement filed with the U.S. Securities & Exchange Commission on May 30.

The IPO date and the price of the stock are undetermined. BrightView said it will apply to list its stock on the New York Stock Exchange under the symbol BV.

The Plymouth Meeting, Pa.-based firm—which reported $2.26 billion in 2017 revenue to LM for the forthcoming 2018 LM150 list of largest landscape companies—filed a form S-1 indicating the company’s intent to do an initial public offering of shares of common stock.

The value proposition for investors, according to the filing, lies in the company’s “branch-led business model, national footprint and experienced employee base.” The company also lauds its position as the largest provider of commercial landscaping services in the U.S., with revenue more than 10 times the size of its next largest commercial landscaping competitor (LandCare).

Since Jan. 1, 2017, BrightView has acquired eight businesses with more than $188.2 million of revenue, the filing said.

BrightView was formed in 2014 when its investors merged Brickman and ValleyCrest, which date back to 1939 and 1949, respectively. The combined entity adopted the BrightView brand in late 2014.

For more information, we compiled a list of 13 things we learned from Brightview’s SEC filing.

 

 

 

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Marisa Palmieri

About the Author:

Marisa Palmieri is an experienced Green Industry editor who's won numerous awards for her coverage of the landscape and golf course markets from the Turf & Ornamental Communicators Association (TOCA), the Press Club of Cleveland and the American Society of Business Publication Editors (ASBPE). In 2007, ASBPE named her a Young Leader. She graduated with a Bachelor of Science in Journalism, cum laude, from Ohio University’s Scripps School of Journalism.

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