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Memphis-based firm links with Birmingham investor Environmental Landscape Services of Memphis, Tennessee has become a portfolio company of McKinney Capital of Birmingham, Alabama. Environmental Landscape is a leading landscape and grounds management company in West Tennessee. McKinney Capital is a Birmingham, Alabama investment company. Terms of the transaction have not been disclosed.
We are in Louisville attending The Professional Landcare Network’s annual Green Industry Conference in connection with the giant Green Industry Expo. The theme is “It’s Time to Grow.” we’ll have more on that in a future post. Last night after a long day of meetings and events, I stopped to read the Show Daily published by Lawn and Landscape. I will readily admit that is not something I usually do, but one article caught my eye and wanted to bring it to your attention: “The Advantage of Great Systems” by Mike Rorie. Mike built a very large landscape contractor (Groundmasters) … Read more
In most cases, there are a variety of exit options available to a business owner, including a sale to a third party and a transfer to an insider. Often, there are a host of further options, including such alternatives as an employee stock ownership plan and a private equity recapitalization. Based on the owner’s objectives and a realistic assessment of the value of the business, the business owner can identify the option or options that are most likely to best satisfy his or her objectives. It is now time to pull the plan together. There are many factors and options … Read more
The Principium Group announced the publication of Ron Edmonds’ latest book, Green Exit – Exit Planning for Lawn and Landscape Business Owners. Green Exit introduces lawn and landscape business owners to the basic concepts of exit planning, including understanding your objectives, understanding the value of your business, improving and preserving the value of your business, and developing a plan for exiting the business. Additional insight is included for lawn care companies, design-build companies and landscape maintenance companies, plus other industry segments. The book discusses a variety of strategies, including third-party sales, private equity, transfers to family members or key employees … Read more
According to BizBuySell.com, the number of closed business-for-sale transactions reported in Q3 2011 rose 3.5% year over year, fueled by lower business valuations. San Francisco, CA – October 3, 2011 — BizBuySell.com, the Internet’s largest marketplace for buying or selling a small business, today released its Third Quarter 2011 Insight Report on business succession trends. The report, which aggregates business-for-sale transaction data provided by participating business brokers, shows slight improvement in business succession activity, as closed transactions increased 3.5 percent from 1,586 in Q3 of 2010 to 1,642 in Q3 of 2011.* This number is down slightly from the 8% … Read more