10 Resolutions to Help You Build a More Valuable Business

Finally, 2020 is in the books. You thought it would never end. If your goal is to build a more valuable company in 2021, here are some New Year’s resolutions to consider: Stop chasing revenue. A bigger company is not necessarily a more valuable one if the extra sales come from products and services that are too reliant on you to deliver them. Start surveying your customers.  One simple way to survey customers is to use the Net Promoter Score methodology. It’s a fast and easy way for your customers to give you feedback, and it’s predictive of your company’s … Read more

Lincoln Road and Trivest Form Landmark Paving Platform

Lincoln Road Global Management, LLC (“Lincoln Road”), a private equity firm focused on lower middle-market companies has partnered with Trivest Partners to complete an investment in Landmark Paving (the “Company”), a full-service pavement maintenance business serving customers across the Southeastern United States. Landmark Paving was formed through the acquisition of DH Striping and Lynne Services, market-leading providers of contract paving, parking lot striping and other related maintenance services. Headquartered in Oviedo, Florida, Landmark Paving will continue to be led by President Joe Campolong. The Company is a full-service provider of pavement maintenance, thermoplastic markings, seal coating, asphalt and concrete patching, … Read more

COVID-19 Relief Bill Has Important Changes to SBA Acquisition Lending Program

COVID-19 Relief Bill

The $900 billion COVID-19 relief bill seems destined to become law, although, at this writing, President Trump is threatening to veto it, demanding that stimulus checks to individuals be substantially increased and questioning a variety of matters he deemed unrelated to COVID-19 relief included in the bill. The bill passed overwhelming, theoretically with veto-proof margins, but changes are certainly a possibility.  Since the bill was attached to the year-end spending bill, there are many unrelated provisions in the 5,593-page bill passed Monday.  [If you want to see what a 5,593 page bill looks like, click here.] There are important developments … Read more

Heritage Adds REAMS Sprinker Supply with Eight Branches

Heritage Landscape Supply Group

Heritage Landscape Supply Group, Inc.   has acquired REAMS Sprinkler Supply ) a family-owned distributor of irrigation, outdoor lighting, and other landscape products. Terms of the agreements were not disclosed. Headquartered in Lincoln, Nebraska, REAMS was founded in 1975 by the Bousquet family, and is currently led by third generation family member, Bryce Bousquet. The Company operates a network of eight branches across four states (NE, KS, IA, MO) and employs a team of more than 30 people. Bryce will continue to lead the Company’s dedicated employee base under the REAMS banner, ensuring continuity and consistency for customers and supplier partners. … Read more

Heritage Acquires Irrigation Station in Houston and OKC

Heritage Landscape Supply Group

Heritage Landscape Supply Group, Inc.  has acquired Irrigation Station (the “Company”), a family-owned distributor of irrigation, outdoor lighting, and other landscape products. Terms of the agreements were not disclosed. Headquartered in Houston, Texas, Irrigation Station was founded in 1987, and operates a second location in Oklahoma City. The Burtch family, alongside Irrigation Station’s entire sales and operations team, will lead the business going forward and Heritage will continue to operate these locations under the Irrigation Station name. Matt McDermott, President of Heritage, commented, “We are thrilled to partner with the Burtch family and welcome the Irrigation Station team to the … Read more