Leonard Green Eying Sale of The Brickman Group

Reuters is reporting that Leonard Green & Partners LP is exploring a sale of Brickman Group Holdings Inc that could value the largest commercial landscaping company in the United States at up to $1.5 billion. Here is a link to the Reuters report.
Brickman LogoA sale has been widely anticipated. Leonard Green has held a majority interest in Brickman since 2007.  Management and the Brickman family retain significant interests.
Last year, Scott Brickman stepped down as CEO of the Company founded by his grandfather after serving as CEO for 14 years, a time of dramatic growth for the Company. Andrew Kerin, a former senior executive at Aramark Corp, another private equity-backed company, was named CEO in a move widely interpreted as a part of preparing the company for sale.

Menu