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
Bedford Hills, N.Y.-based SavATree merged with Denver-based Swingle Lawn, Tree & Landscape Care. Terms were not disclosed for the deal, which is a step toward SavATree’s vision of building a national brand. SavATree ranked No. 15 on the 2017 LM150 list of largest landscape companies with nearly $90 million in 2016 revenue. Swingle ranked No. 80 at $23.7 million. This... read more
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
Central Valley Fund (CVF) invested $7.2 million in growth capital financing in two large landscape contractors, Signature Landscapes, based in Reno, Nev., and Coast Landscape Management, based in Napa, Calif. The transaction includes equity investments in both companies, which will be merged into a single entity during the fourth quarter. Signature ranks No. 122 with $14.7 million and Coast ranks... read more
An affiliate of New York-based private equity firm CI Capital Partners has acquired a majority interest in SavATree. The management team of SavATree has a significant equity ownership in the company. Terms of the transaction were not disclosed. SavATree, a tree, shrub and lawn care services company based in Bedford Hills, N.Y., serves customers in 12 states through 25 locations.... read more
Philadelphia-based private equity firm Eureka Growth Capital acquired the assets of Merit Service Solutions through a newly-formed affiliate, Exterior Maintenance Resources. Terms of the deal were not disclosed. Merit Service Solutions, headquartered in Malvern, Pa., has seven locations and a nationwide network of service providers who perform facility maintenance services, such as landscaping, snow management, parking lot and other offerings.... read more
