ACC Landscape Services, LLC Carved Out of American Civil Constructors

Progress Equity Partners, Ltd. announced the acquisition of ACC Landscape Services, LLC, a leading provider of commercial landscape and public infrastructure management services. ACC Landscape currently operates throughout Colorado and Northern California providing a diverse range of services to institutional, industrial, commercial and municipal customers, including outsourced road and park maintenance, general landscape services, irrigation management, snow/ice removal, and aquatic/lake management services. ACC Landscape previously operated as a non-core asset of its corporate parent and Progress Equity completed this carve-out transaction in partnership with the existing management team. Participating in the transaction with Progress Equity Partners and management were Harbert … Read more

Sunair Second Quarter Loss Narrows

Sunair Services’ loss narrowed 23 percent in the second quarter as sales dropped 12 percent. The Boca Raton-based pest control and lawn care services company (AMEX: SNR) reported a net loss of $811,685, or 6 cents a share, on revenue of $12.6 million for the quarter ended March 3. A year ago, it had a net loss of $1 million, or 8 cents a share, on revenue of $14.3 million. President and CEO Jack Ruff noted it was the company’s third consecutive quarter of improved operating results over last year. “Unfortunately, our earnings results were negatively impacted in the second … Read more

Every Deal Has its Time

By Ron Edmonds,  The Principium Group One of things I often tell my clients is “Every deal has its time.” What I mean by that is that many, many different factors involving a buyer, a seller, the economy, an industry and credit markets all have to line up for a transaction to have a chance of success. I first heard that expression years ago when an attorney that I worked with on mergers and acquisitions transactions used it. I had always been confused and frustrated with the attorneys who seemed to give minimal attention to projects I had been working … Read more

Is it better to sell during the season or the off-season?

By Ron Edmonds, The Principium Group Is it better to sell during the season or the off-season? This is a question we are often asked by green industry business owners. For many reasons, green industry business owners often prefer to think about selling during the off-season. This is true for many reasons, but probably the most significant reason is that they do not actually have the time to think about it during the hustle of the season. The idea of extensive discussions with brokers, accountants, attorneys and potential buyers during the busy time is more than many business owners can … Read more

Lawn care takes back seat to economy

From the Cincinnati Enquirer.  Read the original story here. By Jeff McKinney Lawn care companies and landscapers are feeling the sting of the sour economy in the midst of their peak season. “The weak economy has prompted a lot to people to hold onto their money,” said Andy Doesburg, vice president at Thornton Landscape, one of the region’s largest landscaping companies. He expects overall sales at the Maineville-based landscape and lawn care company to drop 30 percent this year from 2008, although he didn’t provide overall sales figures. Rob Brown, owner of Lawn Butlers in Milford, said he’d be happy … Read more