BrightView acquires California Bay Area company
BrightView kicked off 2019 by announcing the acquisition of Emerald Landscape Company, Inc., a commercial landscaping firm located in California’s Bay Area. read more
Bland Landscaping is latest to get private equity backing
Apex, N.C.-based Bland Landscaping Co. formed a financial partnership with Prospect Partners, a Chicago-based private equity firm. Brothers and second-generation owners Kurt Bland, CEO, and Matt Bland, CFO and COO, will continue to lead the company. They retain “significant ownership” in the firm, which is expected to serve as a platform for growth and acquisitions. Specific terms of the recapitalization... read more
Chenmark invests in Maffei Landscape Contractors
Maffei Landscape Contractors, based in Mashpee, Mass., partnered with Chenmark Capital Management, based in Portland, Maine. Terms of the deal weren’t disclosed. Founder and CEO Robert Maffei, who began Maffei Landscape while in high school in 1991, will remain CEO. The full-service company has more than 100 employees. Chenmark Capital is a family investment firm focused on acquiring and supporting... read more
Campanella: TruGreen buying Lawn Dawg is ‘bittersweet’
TruGreen acquired Nashua, N.H.-based Lawn Dawg last week. Terms were not disclosed for the transaction that Lawn Dawg President Jim Campanella called “bittersweet.” Lawn Dawg adds about 26,000 customers and $15 million in annual revenue to Memphis, Tenn.-based TruGreen, which did more than $1.3 billion in 2016 revenue and ranks No. 2 on the 2017 LM150 list of largest landscape... read more
TruGreen to build on momentum, CEO Alexander reports
Now that the merger of the nation’s two largest lawn care companies is complete, it doesn’t mean that Scotts LawnService (SLS) trucks will be immediately replaced by TruGreen vehicles. The rest of this year is about ensuring a smooth transition, TruGreen CEO David Alexander told LM. He expects the now $1.3 billion-plus company will be able to do so by... read more
TruGreen: ‘Milestone merger’ is complete
TruGreen completed its merger with Scotts LawnService, a former subsidiary of The Scotts Miracle-Gro Co. The companies said in December they were entering into a joint venture. As a result of the merger, TruGreen is adding approximately 2.3 million residential and commercial customers across the U.S. and Canada. The combined revenue is expected to be more than $1.3 billion. TruGreen... read more
