Benchmark is pleased to announce the transaction between Premiere Lawn Service, Incorporated, and Monarch Landscape Companies, a portfolio company of Audax Private Equity. The transaction creates a strategic expansion into the Washington state market.
Premiere Lawn Service, Incorporated, based in Lynnwood, Washington, has been operating successfully for over 25 years, providing full-scale landscape management and renovation services and high-level care for both commercial and residential clientele. It offers landscape renovation and special projects, irrigation management and renovation, and winter services such as snow removal and deicing applications, in addition to its other offerings.
“Thank you Emilia and your team very much for all the work that you did to assist with the sale." - Nathaniel "Joel" Coon, Owner/President of Premiere Lawn Service, Incorporated
Monarch Landscape Companies have delivered aesthetic excellence to commercial property owners and managers, general contractors, homeowners associations, and municipal customers up and down the West Coast, Colorado, and Texas for decades.
Audax Private Equity acquired Monarch Landscape Companies in 2022. Monarch Landscape is a Los Angeles-based commercial landscape management firm. Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $ 30 billion in capital.
Benchmark International brought multiple buyers to the table, ultimately resulting in an offer that both parties were aligned on and excited to move forward with. Of course, there can always be bumps in the road throughout the process. However, the buyer and seller took these in stride, with their goals being aligned to cross the finish line and bring these two companies together.
Benchmark International’s Transaction Associate Emilia Muniz noted, “This opportunity was a pleasure to work on from start to finish. Both teams were prepared to do what was necessary to help facilitate this transaction in the time period allotted, and we look forward to seeing what is in store as they continue to grow the business in the coming days.”
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $9.4 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.