SCG Partners has acquired the assets of three landscape maintenance companies in Melbourne, Florida. The combined companies included Green Leaf Landscaping & Irrigation, M&M Professional Grounds Maintenance, and A New Look Lawn Care. Financial terms of the transactions were not disclosed. The combined businesses will operate under the name Green Leaf Landscaping & Irrigation (“Green Leaf”).
Green Leaf is a leading provider of commercial landscape maintenance services and has served the Brevard County area for over 25 years. Green Leaf serves homeowners’ associations, multi-family complexes, corporate campuses, healthcare facilities, retail locations, and municipalities. Green Leaf provides a full array of professional services including landscape maintenance, pruning/trimming, tree services, mulch, fertilization, pest control, irrigation and landscape installation services.
SCG Partners, a leading middle-market private equity fund, is actively seeking additional transaction opportunities in the landscape maintenance industry and plans to make additional add-on acquisitions to deepen local market penetration as well as expand geographic coverage.
“SCG Partners plans to engage in a consolidation strategy through acquiring landscaping companies in the Southeastern United States. We’re looking to partner with landscape maintenance companies and their existing leadership who have a compelling operating strategy and where we can invest for the long-term,” said Alan Jaffa, CEO of Safeguard Properties and SCG Partners Advisory Board Member.
SCG Partners Managing Director Jonathan Ives also commented, “Green Leaf represents an opportunity for SCG Partners to invest in an industry that continues to be highly fragmented and offers opportunities to augment acquisitions with substantial organic growth. We are excited about growing the platform we’ve established and are actively seeking acquisition opportunities both large and small.”
SCG Partners, headquartered in Cleveland, Ohio, is a private equity firm that actively invests in strong middle-market, business-to-business service companies that can serve as platforms for national expansion. With equity capital in excess of $100 million, SCG Partners leverages its partnership with Safeguard Properties to bring to market significant operational resources, strong knowledge of business service dynamics and extensive capital resources to promote accelerated growth. The firm invests in various types of business service companies generating $10-$200 million in revenue.