January 2017 | Page 2 of 2 | Lawn | Landscape | Tree | Snow

Calculus Capital Invests in Weedingtech

January 8, 2017

Calculus Capital has invested £3m in cleantech firm Weedingtech, which is focused on replacing toxic herbicides. Weedingtech is a world leader in herbicide-free weed and moss control, and has earned multiple awards for sustainable innovation. The company was co-founded by environmental campaigner and entrepreneur Ben Goldsmith. Calculus has invested in the business in recognition of the global market potential of its patented weed-control technology, Foamstream. This uses hot water and an organic foam, with the foam acting as a thermal blanket that keeps the heat on long enough to kill the weed or moss. Increasingly, governments and regulators around the … Read more

Employee Acquires Majority Ownership of GreenScape in Memphis

January 6, 2017

Kathryn Hetzler has acquired majority interest in GreenScape, Inc. of Memphis, Tennessee. Her ownership originated in 2013 upon the retirement of former president and CEO Frank Colvett, Sr. The Company did not publicize the change in ownership until after a lengthy transition. Frank Colvett, Sr. remains a minority owner. Here is a link to an article about the Company and the ownership change in the Memphis Business Journal. GreenScape is a full-service landscaping and irrigation installation/maintenance contractor with many high-profile accounts.

Canopy Acquires Residential Accounts from GreenScape in North Carolina

January 6, 2017

According to a report in Landscape Management, Greenscape, Inc. of North Carolina has sold 120 residential accounts to Canopy. Canopy is a technology-based residential home services business headquartered in Raleigh, N.C. Canopy describes itself as follows: “Canopy is revolutionizing the landscape maintenance industry by offering customers a better, more transparent service experience, as well as a more supportive, rewarding environment for their landscape maintenance crews. Their technology helps them create efficiencies, while their company values are helping them stand out in what has become an unfortunately status quo industry. Currently headquartered in Raleigh, NC, the company has expansion plans in Charlotte, … Read more

Chenmark Capital Acquires Piscataqua Landscaping in Maine

January 4, 2017

ELIOT, Maine – Piscataqua Landscaping & Tree Service, Inc. of Eliot, Maine announced Monday that it has been sold to Chenmark Capital Management, LLC., a family investment firm from Portland, Maine. Chenmark acquired Seabreaze Property Services in Portland, Maine in late 2015. Company founder and CEO, Booth Hemingway, started Piscataqua Landscaping & Tree Service in 1979. What began as a one person, one lawnmower and one truck operation, has grown into the seacoast’s largest full-service landscape company. Booth is extremely grateful for his 37 years of working with both clients and employees. The sale of the company to Chenmark Capital Management … Read more

News and Commentary

Our intent is to give a perspective on the industry taken as a whole. Information about industry transactions included in the News and Commentary section of our website is derived from publicly available sources. The inclusion of a transaction in News and Commentary does not imply that The Principium Group acted as an advisor to either of the parties to the transaction. It is the policy of The Principium Group always to maintain the confidentiality of its client relationships. For those transactions in which The Principium Group did play a role, the information included herein is still limited to that available through public sources.
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