Monarch Landscape Holdings has acquired Littleton, Colorado-based Terracare Associates. The combined company has annualized revenues in excess of $200 million.
Monarch Landscape Holdings is a portfolio company of One Rock Capital. Formed in 2015 and led by CEO Brian Helgoe, Monarch has been executing a West Coast consolidation, having acquired Signature Landscapes and Northwest Landscape Services in Washington, Jensen Corp in Northern California, and Hort Tech and Landsystems in Southern California.
Terracare has its primary operations in Colorado, Northern California, and the Dallas-Fort Worth area. Terracare was acquired from Progress Equity. Progress Equity had acquired the business, formerly known as ACC Landscape Services from American Civil Constructors in 2009.
Successful exits by private equity firms are a closely watched indicator of the strength of the market.