Equity fund acquires three Florida maintenance companies

October 26, 2015 -  By

SCG Partners Logo 2SCG Partners acquired the assets of three landscape maintenance companies in Melbourne, Fla. The acquired companies—Green Leaf Landscaping & Irrigation, M&M Professional Grounds Maintenance and A New Look Lawn Care—will operate under the name Green Leaf Landscaping & Irrigation. Financial terms were not disclosed.

Green Leaf’s services include landscape maintenance, pruning/trimming, tree services, mulch, fertilization, pest control, irrigation and landscape installation services.

SCG Partners, a middle-market private equity fund, seeks additional, long-term transaction opportunities in the landscape maintenance industry and plans to make additional add-on acquisitions to deepen local market penetration and expand geographic coverage, the company said. SGC plans to engage in a consolidation strategy through acquiring landscaping companies in the Southeastern U.S., SCG Partners Advisory Board Member Alan Jaffa said. Jaffa also serves as CEO of Safeguard Properties, a Cleveland-based provider of property management services for the mortgage industry.

“Green Leaf represents an opportunity for SCG Partners to invest in an industry that continues to be highly fragmented and offers opportunities to augment acquisitions with substantial organic growth,” SCG Partners Managing Director Jonathan Ives said. “We are excited about growing the platform we’ve established and are actively seeking acquisition opportunities both large and small.”

LM Staff

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