has been recapitalized by
The Company is a leading provider of commercial landscape services.
has been recapitalized by
The Company is a leading provider of commercial landscape services.
About
The confidential commercial landscaping platform (the "Company") is a leading commercial landscape services provider offering a full suite of recurring maintenance, irrigation and water management, enhancements, and installation services.
Situation
The Company engaged Croft & Bender to help the Company find a partner to support its continued growth and geographic expansion, while providing liquidity for the shareholders. Croft & Bender worked with the Company to develop marketing materials, build a financial model, conduct management presentations, manage the diligence process, and negotiate with potential buyers.
Result
Croft & Bender negotiated a majority recapitalization with public-style terms and minimal post-closing liability near the current high watermark EBITDA multiple for commercial landscape platforms.