|Commentary – It’s hot out there|
As I write this, the temperature is hovering near 100 degrees. At the same time, the politicians have been playing their game of brinkmanship in Washington for many days. Much like the weather, I am weary of it all and anxious for them to move forward.
Many companies in the industry also seem to be anxious to move forward. There is a good bit of activity developing in the green industry marketplace. A number of companies are taking the opportunity to expand their footprints coming out of the recession. For example, The Brickman Group moved into the key Los Angeles market with an acquisition.
The sustained downturn in commercial real estate construction continues to take its toll on companies focused on that segment, particularly in markets like Florida that saw the deepest drop in construction activity. It is distressing to see former industry leaders struggle. We know, however, that even those situations create new opportunities.
This is a good time to take stock and examine where the best opportunities lie for your business.
As always, if you are considering buying or selling a green industry business or are interested in exploring the exit planning process, we would be happy to speak with you.
In a Canadian private equity deal, DDR Landscaping Contractors, Ltd. of Oakville, Ontario, has been acquired by a joint venture of GC-Global Capital Corp. and Rossmore and Partners Investment Corp. The acquisition price was $2.5 million (Canadian). In connection with the transaction, Rossmore’s Susan Tanenbaum has been named president & CEO of DDR. DDR has been a commercial site contractor in Ontario for the past 15 years.
Austin Outdoor, the Florida unit of Yellowstone Landscape Group, has acquired Acorn Landscaping, a commercial landscape maintenance business based in Port St. Lucie, Florida. Yellowstone is a portfolio company of Gridiron Capital, LLC, a private equity firm.
Broccolo Tree & Lawn Care, located in Rochester, New York, has acquired Country Way Garden Center. Country Way, which includes both a retail garden center and a landscaping operation, will continue to operate under its existing name. Country Way’s previous owners will remain active in the business.
Editors’ Note: We believe the synergy between retail garden centers and landscape design/build businesses can be dramatic. Using a high-visibility garden center location to demonstrate landscaping projects such as hardscapes, outdoor living spaces, etc. can help drive business to a the landscape design/build part of the business.
Scott Lawn & Landscape, Inc. of Oviada, Florida has acquired Pristine Image Landscaping.
Cantu Enterprises, parent of Express Services of McKinney, Texas, has acquired Discount Pest & Lawn, based in Carrolton, Texas.
This article is based on a press release from Brickman.
Marking its entrance into the Los Angeles market, national landscape services provider The Brickman Group has acquired Dworsky Cos., one of L.A.’s leading commercial landscape services firms. The acquisition of Dworsky, a family-owned company founded in 2002, gives Brickman a stronger foothold in the Southern California market — with more than 1,000 employees — as it builds upon its nationwide expansion. Dworsky is headed by Founder Dave Dworsky, who in his 20 years in the industry has stamped an expansive mark servicing the Greater Los Angeles area. The terms of the acquisition were not disclosed.
The acquisition marks another step in the systematic growth of the 72-year-old Brickman Group, which for the past 20 years has been expanding as the nation’s largest landscape management provider. The third-generation business now satisfies national and regional clients requesting service for their portfolios in the Los Angeles area. Dworsky brings four new branches to Brickman’s portfolio, which now stands at 15 branches in Southern California. Brickman has more than 170 branches in 30 states.
“In Dworsky Cos., we have acquired a fellow family-owned-and-operated firm with deep roots in Los Angeles, which is one of the last major markets we have yet to serve,” said Brickman Executive Vice President Mike Bogan. “This acquisition will help Brickman further penetrate the So Cal market, thanks to the energy and passion the Dworsky family brings to its work. Dave Dworsky’s company has an excellent reputation and the same set of values and service ethics Brickman offers. His firm will no doubt help cement the Brickman brand in the Southern California market.”
With the move, Dworsky Cos. will become The Brickman Group, Ltd., in 2011, while all team members, managers and service areas will remain the same. The Dworsky family, which has owned the firm since its creation, will continue overseeing its part of the company’s day-to-day operations. Dworsky brings a grassroots approach to business, as well as a tradition of rewarding hard work. That practice included his son Dan Dworsky, who has been with the company for 11 years, having started at entry level before working his way up through the ranks.
“This allows us to take the next step in our growth,” emphasized Dave Dworsky. “In today’s climate, having access to a national platform, along with the additional resources and processes in place to service a broader spectrum of clientele, enables us to build upon what we love most: focusing on customer service and growing our business in the Los Angeles region.”
Dworsky’s focus is on the landscape maintenance of commercial centers and office parks. Its client list includes properties such as Hughes Center, Sun America and Equity Office Properties.
Dworsky Cos. was represented by The Principium Group in connection with this transaction.
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