Wells Fargo Capital Finance Provides $32.5MM for TruGreen Landcare Purchase
From ABF Journal: Wells Fargo Capital Finance, part of Wells Fargo & Company, provided a $32.5 million senior secured credit facility for TruGreen LandCare L.L.C. The facility was used to support Aurora Resurgence Group’s acquisition of TruGreen LandCare, L.L.C. from The ServiceMaster Company, and will be used to fund the company’s ongoing working capital, capital expenditures, and general corporate needs. Founded in 1998 and based in Ijamsville, MD, TruGreen LandCare is a provider of commercial landscaping services to corporations, municipalities, universities, airports, apartment buildings and homeowner associations. “TruGreen is another demonstration of the complimentary partnership between Wells Fargo Capital Finance … Read more