Greenrise Technologies, LLC (“Greenrise”), a Boyne Capital portfolio company, has acquired Southern Nurseries, Inc. (“Southern Nurseries” or the “Company”), a manufacturer and supplier of engineered soils to commercial and residential customers located in the Nashville, TN region.
Headquartered outside Nashville, TN, Southern Nurseries has served the specialized soils market in the Central Tennessee Valley since 1983. The Company provides branded biofiltration soils to contractors through the Holy Cow! Soils © brand. These highly engineered products are used to clean and absorb stormwater runoff, and are applied in the development of retention reservoirs, erosion control applications, and landscaping.
Boyne Managing Partner and CEO, Derek McDowell, said, “Southern Nurseries fits perfectly within the Greenrise mission to ‘deliver innovative, reliable, and precisely engineered green roof and stormwater management turnkey systems, landscape media, componentry and maintenance.’ We are excited to support the growth of Greenrise through this strategic investment.”
Ray Derbecker, Greenrise CEO, said, “Engineered growing media, such as Southern Nurseries’ biofiltration soil, is critical to on-roof applications given its highly spec’d weight and water retention properties. Southern Nurseries will enhance our product portfolio, allowing us to leverage our robust component supply chain to reliably serve our customers and provide market leading pricing. We are planning to expand Southern Nurseries’ geographic reach and are delighted to welcome the team to Greenrise.”
Greenrise Technologies, LLC is a platform investment in BCM Fund I. Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than $100 million and EBITDA of $2 million to $10 million.