SBA Lending Update

Many green industry merger & acquisition transactions involving smaller companies have traditionally been financed through loans guaranteed by the U.S. Small Business Administration, primarily its 7(a) program. These loans are made by participating financial institutions and guaranteed in whole or in part by the SBA. As has been widely reported, there has been a steep decline in SBA lending over the past year. This has been due to a variety of factors, all of which in one way or another emanate from the credit crisis. First and perhaps most importantly, banks’ primary source of liquidity to make these loans has … Read more

Mission Landscape Acquires Landarcwest of Irvine, California

Tustin, California (PRWEB) – Tustin based Mission Landscape,(www.missionlandscape.com), today announced that it has acquired Landarcwest of Irvine, California (www.landarcwest.com), an award winning Landscape Architecture and Land Planning firm, to become part of the Mission Landscape Companies, one of the largest full service professional landscape providers in the United States and preeminent brands in California. Landarcwest’s founders, Tal Jackson and Paul Wong, along with the entire team of landscape architects and designers will become owners in Mission Landscape as it is an ESOP, Employee Stock Ownership Plan. Tal Jackson, co-founder and senior principal of Landarcwest said, “Over the years we’ve both … Read more

Despite downward economy, lawn companies stay in the green

From THE STATE JOURNAL-REGISTER Read it all here. The economy may not be growing, but the grass is — especially now that the weather has warmed up. Local companies that make it their business to ensure lawns are maintained say they aren’t hurting, yet. For most, it’s a combination of having a loyal customer base built over years of continuing service and the financial demographic of that base. Put simply, people who can afford lawn-care service typically aren’t that strapped for cash, and they have jobs that are not in jeopardy, according to Ron Richardson, owner of Lawn Barber at … Read more

Rollins, Inc. Reports First Quarter 2009 Financial Results

ATLANTA, April 29 /PRNewswire-FirstCall/ — Rollins, Inc. (NYSE: ROL), a premier North American consumer and commercial services company, today reported unaudited financial results for its first quarter ended March 31, 2009. Revenues grew 15.7% to $243.0 million compared to $210.1 million for the first quarter ended March 31, 2008. Revenue growth excluding significant acquisitions and the negative impact of the Canadian dollar improved modestly. Net income increased 14.2% to $15.8 million or $0.16 per diluted share for the first quarter ended March 31, 2009 compared to $13.8 million or $0.14 per diluted share for the first quarter ended March 31, … Read more

ScottsMiracle-Gro Announces Second Quarter Results; Strong Consumer Support Drives Sales and Earnings Growth

The Scotts Miracle-Gro Company reported earnings for their fiscal 2nd quarter were up 33% .  Here is the full release: – Global Consumer sales increase 8% excluding foreign exchange; up 4% reported – Company-wide adjusted gross margin rate improves 150 basis points – Adjusted earnings per share of $1.25; Reported earnings per share of $1.18 – Consumer purchases at major U.S. retailers increase 18 percent – Company expects full-year adjusted EPS in the upper half of previous guidance MARYSVILLE, Ohio, April 28 /PRNewswire-FirstCall/ — The Scotts Miracle-Gro Company (NYSE: SMG – News), the world’s leading marketer of branded consumer lawn … Read more