Commentary – Building Long-Term Value
Although the snows of the Winter of 2010-2011 have only been gone for a few weeks, most businesses in the industry are well into their Spring seasons. For many business owners, it is hard to focus on anything other than making sure everything is running smoothly as the season begins. If you are trying to build the value of your business and unlock its potential, it is easy to lose sight of that goal when you are totally focused on day-to-day operations. Building value requires taking a long-term view and being able to make those incremental changes to your business that will demonstrate its value to a buyer. When you are ready, we’d be glad to speak with you about building long-term value in your business
——Ron Edmonds
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Swingle Lawn, Tree & Landscape Care, of Denver, Colorado, announced the acquisition of Lawn Care Aeration Plus of Greeley, strengthening its market position in Colorado’s Northern Front Range communities. Bartlett Tree Experts announced that it has acquired the business operations of Preservation Tree Care in Beaufort, South Carolina, and Native Son Landscape & Tree Care in Wimberley, Texas. Arrow Environmental Services of Sarasota, Florida, recently acquired the operations of Seminole-based Ultimate Pest & Termite Control, which serves Pinellas and Hillsborough counties. Late last year, it also acquired Largo-based FloridaCare Pest Management and Kelly’s Pest Control in Sarasota. Arrow Environmental offers residential and commercial pest control, lawn care, wildlife exclusion, and tree and shrub care services. Its total revenues approximate $6 million. In its recently filed annual report on Form 10-K for the year ended December 31, 2010, The Davey Tree Expert Company disclosed that it had invested approximately $7 million in acquisitions in 2010.
The ServiceMaster Company recently announced the appointment of Hank Mullany to succeed retiring Chief Executive Officer J. Patrick Spainhour, effective March 31. Mullany and Spainhour will begin working together immediately to implement a smooth transition. ServiceMaster is the parent company of TruGreen,TruGreen LandCare, Terminix, and other consumer brands. Mullany previously served as executive vice president of Walmart U.S. and president of Walmart’s northern U.S. business, Mullany was responsible for the operation of 1,300 stores and 34 distributions centers across 19 states, leading 400,000 employees. Earlier in his career, Mullany served in various senior management positions, including as president of Genuardi’s Family Markets in Pennsylvania. .
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A Cost-Effective Way to Get Started on the Exit Planning Process
An Exit Planning Assessment from The Principium Group is a confidential, cost-effective first step in the exit planning process. Here’s what it includes: · We will develop an understanding of your business, your personal situation and objectives. · We will make an assessment of the value and marketability of your business. (This will not be a formal business valuation for third-party use, but will give you an idea of the value your business could bring under current circumstances.) · We will provide concrete recommendations for improving the value and marketability of your business as you make plans for your ultimate exit. We will provide feedback on your objectives and how to develop a plan to achieve those objectives. Contact us by email or call us at 888-229-5740 today to discuss scheduling an Exit Planning Assessment for your business. |
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