NextGen Growth Partners (“NGP”) has acquired Sunrise Landscape, LLC (“Sunrise”) in Tampa, Florida.
Headquartered in Tampa, FL, Sunrise (www.sunriselandscape.com) is a full-solution provider of commercial landscaping services, including installation, maintenance, irrigation installation, irrigation maintenance, and weed & pest control services. The company services a variety of commercial clients including developers, property owners, and community associations.
The investment in Sunrise marks NGP’s 4th platform investment in its inaugural fund.
NextGen Growth Partners uses an investing approach based on the search fund model. It employs a team of what it calls “Entrepreneurs in Residence” who assist in identifying acquisition targets with the expectation they will be placed as CEOs in businesses that are acquired. Austin Ashmore, formerly an entrepreneur-in-residence at NextGen, has been named CEO of Sunrise Landscape.