Companies in the News: Morbark, Greenscape, Heaviland, Spring-Green

March 30, 2016 -  By

Morbark logo

Morbark was acquired by an affiliate of Stellex Capital Management. Acquisition details were not disclosed. For 50 years, the company has produced equipment for the forestry, tree care, recycling and other markets. Dan Ruskin will serve as the company’s CEO. Ruskin has an extensive management background in lean manufacturing and corporate restructuring, and most recently, he founded and managed Anchor Resource Management and Anchor Holdings, according to Morbark. “Though always difficult to leave a family business, we felt this was the right time with the right Investor who can build on the legacy my father started and I have spent my entire life dedicated to,” said Lon Morey, Morbark CEO and son of the company’s founder.

Greenscape Land Design opened a new office in Danbury, Conn. This branch will provide landscape maintanance and snow management services to the western Connecticut market. The Danbury branch is Greenscape’s sixth branch, with five others located in Massachusetts and Virginia.

Heaviland Landscape Management negotiated a deal to acquire contracts from Landscape Plus, which has closed. The transaction adds a significant number of maintenance and construction projects to Heaviland’s portfolio and allows Landscape Plus to smoothly transition its clients to a new service provider, according to Heaviland.

Spring-Green Lawn Care added a new franchise in South Hampton Roads, Va. The new franchisees are Nick and Ursula Novellino of Novellino Turf Management. The Novllinos have 12 years of experience in the green industry. Their company, CNE Grounds Maintenance, provides maintenance, lawn care and snow management services to commercial and residential clients.

About the Author:

Dillon Stewart graduated from Ohio University’s E.W. Scripps School of Journalism, earning a Bachelor of Science in Online Journalism with specializations in business and political science. Stewart is a former associate editor of LM.

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