One Rock Capital Partners has formed Monarch Landscape Holdings to pursue a regional consolidation of landscape services companies in the Western United States and has acquired the assets of Signature Landscape Services of Seattle.
LOS ANGELES, MAY 18, 2015 – One Rock Capital Partners, LLC (One Rock) announced today that it has formed Monarch Landscape Holdings, LLC (Monarch) to pursue a regional consolidation of landscape services companies in the Western United States. On May 1, 2015, Monarch acquired the assets of Signature Landscape Services, Inc. (Signature), in partnership with Monarch’s CEO Brian Helgoe and Signature’s General Manager William Bailey. Financial terms of the transaction were not disclosed.
Founded in 2001 and headquartered in Redmond, WA, Signature is a leading provider of commercial landscaping company in the Seattle metropolitan area. Operating out of three branches with over 180 employees and a fleet of 72 vehicles, Signature maintains over 500 properties, including commercial, homeowners’ association, multi-family, industrial and municipal clients.
One Rock Managing Partner Tony W. Lee said: “Monarch represents an opportunity for One Rock to invest in a highly fragmented industry with attractive dynamics and growth opportunities. We are excited about the investment and are actively seeking acquisition opportunities in Washington, Oregon and California as part of our strategy.”
One Rock Partner Kimberly D. Reed added: “Signature’s management team has built a strong platform and reputation in the landscaping services industry. We look forward to working with Mr. Bailey as we continue to grow the business. In addition, Mr. Helgoe brings a wealth of landscaping knowledge to Monarch and a proven ability to generate organic growth while improving margins.”
Mr. Helgoe is an experienced operator and executive in the commercial landscape services industry. Mr. Helgoe has over 20 years of landscape experience, most recently as a Senior Vice President with ValleyCrest Companies. Mr. Helgoe said: “The Signature team saw our vision of building the premiere West Coast landscape services company, and we are excited to work with them to focus on better serving our customers and creating opportunities for our employees through growth.”
Signature’s General Manager William Bailey commented: “Over the past 14 years Signature has built a team of professionals whose service to the industry and to our customers has created real value. We have found in One Rock a team that appreciates people, which is key to our continued success. We are excited to have their guidance and perspective as we enter this next chapter of growth and development.”
One Rock Capital Forms Monarch Landscape, Acquires Signature Landscape in Seattle