BrightView to repurchase remaining MSD Partners shares

BrightView Holdings — No. 1 in the 2021 LM150 list — has entered into an agreement to repurchase the remaining 5.9 million shares of BrightView common stock held by MSD Partners and affiliates at a purchase price of $12.33 per share.

The total purchase price for the shares will be approximately $72.8 million and will be funded from cash and cash equivalents on hand, as well as borrowings under the Company’s credit facilities

“We would like to thank MSD for their long-term partnership with BrightView,” said Andrew Masterman, BrightView president and CEO. “Since 2006, they have provided support and guidance while we have executed on our growth strategy and transitioned into a publicly-listed company.”