Progress Equity Partners, Ltd. announced the acquisition of ACC Landscape Services, LLC, a leading provider of commercial landscape and public infrastructure management services. ACC Landscape currently operates throughout Colorado and Northern California providing a diverse range of services to institutional, industrial, commercial and municipal customers, including outsourced road and park maintenance, general landscape services, irrigation management, snow/ice removal, and aquatic/lake management services.
ACC Landscape previously operated as a non-core asset of its corporate parent and Progress Equity completed this carve-out transaction in partnership with the existing management team. Participating in the transaction with Progress Equity Partners and management were Harbert Mezzanine, Patriot Capital, and Texas Capital Bank.
American Civil Constructors ranked number 13 on Landscape Management‘s Top 100 listing in 2008 with $58 million in revenues. There is no information available to indicate what the revenues of the new ACC Landscape Services, LLC are.