LM150: Top down

June 9, 2016 -  By

combined-LM150-revenueOur annual list of the largest landscape companies mirrors the overall industry’s growth.

New companies emerged and others dropped off the LM150 list of the largest landscape companies in 2016. Notably, there was no change in rank from last year among the top 11 companies on the list.

But that won’t be the case next year. There will be at least one big move reflecting the merger of TruGreen and Scotts LawnService, which closed in April. That change should introduce a second landscape industry company with more than a billion dollars in annual revenue. BrightView—created when ValleyCrest and Brickman merged—currently tops the list for the second year in a row at more than $2 billion.

Collectively, the companies on the 2016 LM150 list grossed $9,349,113,764 in 2015 revenue. About a third of that cash comes from the top two players. It’s also worth pointing out, as readers have mentioned in the past, some revenue on the list is likely duplicated due to subcontracting agreements among companies on the list. LM150 firms grew an average of 16 percent in 2015—on par with the industry average we reported in December’s LM Industry Pulse report. LM150 companies are projecting to grow an average of 12 percent in 2016.

To learn more about growth strategies being implemented at LM150 firms, check out the interviews. We talked with six company leaders to get a read on their priorities now and in the future. Plus, scan the “Sound Bites” shared throughout this supplement for sage advice from LM150 executives.

Methodology

LM sought submissions from landscape companies in the magazine, on LandscapeManagement.net, via email and over the phone from January through May. Companies submitted data through an online form. LM editors compiled the results and, where applicable, removed non-typical revenue sources (such as pest control) from reported totals.
We estimated revenue for firms that didn’t provide data this year if they participated in last year’s list and reported a projected 2015 revenue figure. LM staff calculated the numbers for client mix, profit centers and regional charts based on submitted data.


Who’s missing?

Should your company be on the LM150 list of the largest landscape companies? Do you know of one we missed? Contact Editor Marisa Palmieri at mpalmieri@northcoastmedia.net to be notified when the submission period opens in early 2017. We encourage companies with $5 million-plus in annual revenue to enter.

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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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