Cleveland, Ohio, February 24, 2016 – SCG Partners is pleased to announce that it has acquired the assets of an additional commercial landscape company in Florida and is actively seeking additional acquisitions in the landscape maintenance industry throughout the Southeastern US. Financial terms of the transactions were not disclosed.
This marks the fourth acquisition for SCG Partners in the last six months. In October, SCG Partners announced that it acquired three landscape maintenance companies in Melbourne, Florida. The combined businesses currently operate as Green Leaf Landscaping & Irrigation ("Green Leaf").
SCG Partners’ latest acquisition is outside of the Melbourne area. This company is the leader in its local service area and has operated in the Florida market for over 20 years. The company has over 300 commercial accounts, providing a full-range of services including landscape design, arbor care, fertilization, irrigation, lawn maintenance and landscape installation.
SCG Partners, a leading middle-market private equity fund, is actively seeking additional transaction opportunities in the landscape maintenance industry and plans to make additional add-on acquisitions to deepen local market penetration as well as expand geographic coverage.
About Benchmark International: Benchmark International, a leading M&A advisor to the lower middle market, represented the seller in the transaction. Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners achieve their personal objectives and ensure the continued growth of their businesses. SCG Partners Managing Director Jonathan Ives, added, “It has been a pleasure to work alongside Benchmark International to consummate this transaction. Benchmark was instrumental throughout the process.”
About SCG Partners: SCG Partners, headquartered in Cleveland, Ohio, is a private equity firm that actively invests in strong middle-market, business-to-business service companies that can serve as platforms for national expansion. With equity capital in excess of $100 million, SCG Partners leverages its partnership with Safeguard Properties to bring to market significant operational resources, strong knowledge of business service dynamics and extensive capital resources to promote accelerated growth. The firm invests in various types of business service companies generating $10-$200 million in revenue. For more information please visit www.scgp.com.