Managed exits, centers of excellence, wallet share, working capital management. What do those phrases mean? They mean that BrightView Holdings has a strategic plan and is executing that plan. The proof is in the company’s financial results for the year ended Sept. 30, 2018. Before we get to the numbers, let’s review BrightView’s strategic plan because it has great value... read more
BrightView reported results for its third fiscal quarter, which ended June 30. The company had a net loss of $1.4 million for the quarter on a record revenue of $630.3 million, which is up about a half percent from the same period last year. In addition, BrightView completed two acquisitions during its third quarter with combined annual revenue of $73.2... read more
Prior to going public, BrightView Holdings filed a 200+ page document with the Securities and Exchange Commission to discuss its business strategy, operations and financial statements. This document is designed to provide potential investors in BrightView with the information they need to make a wise investment decision. That information also holds tremendous value for BrightView’s competitors. As I have spoken... read more
Hours after he rang the opening bell at the New York Stock Exchange to mark BrightView’s initial public offering, CEO Andrew Masterman chatted with Landscape Management about this rare occasion for a landscape company—and what it means for the industry, employees and clients. “From an industry perspective, this is a great step,” Masterman said. “Really, it provides a benchmark for... read more
Shares of BrightView’s common stock began trading on the New York Stock Exchange June 28, an occasion marked by CEO Andrew Masterman ringing the opening bell. BrightView priced its initial public offering of 21,300,000 shares of common stock at $22 per share, which is expected to raise approximately $435 million. The offering is expected to close on July 2. The... read more
BrightView—which once again ranked No. 1 on the LM150 list of the industry’s top 150 revenue-generating firms—announced the launch of its initial public offering of 21,300,000 shares of its common stock. According to a report on StreetInsider, the initial public offering price is expected to be between $22 and $25 per share. “It’s a fabulous valuation for our industry,” said... read more
