Landscape Management, June 2010
MA UPSURGE M A experts predict 2010 will be a hot year for deals driven by private equity fi rms investing in the market BY NICOLE WISNIEWSKI EDITOR IN CHIEF JUNE 2010 LANDSCAPEMANAGEMENT NET S21 R on edmonds doesnt measure the level of mergers and acquisitions in the Green Industry by the number of press releases that come across his desk Rather he tracks how much his phone rings And this year the president of Memphis TN based Green Industry mergers and acquisitions fi rm The Principium Group says his phone is ringing off of the hook Theres an awful lot of stuff going on agrees Brian Corbett the managing partner of Atlanta GA based CCG Consultants which worked on the December 2009 deal between Denver based The Green Plan and CIVC Partners and Leonard Green Partners backed Brickman Were working on six deals in the landscape industry right now But dont expect the Wild Wild West days a term Corbett affectionately uses to describe 1998 1999 when Houston based Notre Capital Ventures merged seven multimillion dollar landscape companies to form LandCare USA After a year of heated bidding wars with TruGreen ChemLawn the business was sold to its competitor adding 450 million to its 820 million revenue at the time Todays activity might not rival that time period but approximately 10 trillion of personal wealth and business assets is predicted to change hands in the next fi ve to 10 years in many markets explains Mark Long a partner with BlueSky Group in Powell OH Its an enormous number with enormous possibility and it will continue to drive M A activity Though private equity dollars have been in the industry for some time Michael S Dells MSD Capital backed ValleyCrest Cos and the above mentioned Brickman to name a few the newest wave of private equity interest came with Gridiron Capitals formation of Yellowstone Landscape
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