A group of shareholders who collectively own 39.6% of the shares of SunAir Services, Inc. jointly filed a Schedule 13D with the Securities and Exchange Commission disclosing their ownership. The group also filed a Preliminary Information Statement disclosing their plan to remove the directors of SunAir. The group plans to avoid a shareholder meeting by having written consents from a majority of SunAir’s shareholders. The group indicates that is their intention to sell the company. Although they appear to be related to Massey Services, Inc., this does not necessarily mean that Massey Services will be the ultimate acquiror. Stay tuned … Read more

In an SEC filing on Friday, January 23, Massey Services, Inc. announced that it had withdrawn its offer for Sunair Services, Inc. after Sunair hired an advisor to conduct a sale process. The following is an excerpt of Massey’s statement: Board of Directors of Sunair Services Corporation On behalf of Massey Services, Inc. (“Massey”), we submit this letter to the Board of Directors of Sunair Services Corporation (the “Board of Directors.”) The purpose of this letter is to notify the Board of Directors that our non-binding offer to acquire 100% of the common stock of Sunair Services Corporation (“Sunair”) is … Read more

BOCA RATON, Fla., Jan. 20 /PRNewswire-FirstCall/ — Sunair Services Corporation (Amex: SNR – News) today announced that it has retained Hyde Park Capital Partners, LLC, an investment banking firm, to explore a range of strategic alternatives, including a possible sale of the Company. Jack Ruff, Chief Executive Officer and President of Sunair Services commented, “We are committed to enhancing shareholder value and believe that we are positioned to continue to build our business. At this juncture, we have the opportunity to examine potential combinations that may enhance Sunair’s long-term potential. This might lead to a new strategic partnership or the … Read more

Massey Services, Inc. of Maitland, Florida has upped its bid for all of the stock of Sunair Services, Inc., parent company of Middleton Pest Control, Inc., a major pest control and lawn care business across the state of Florida to $3.00 per share, with a deadline of January 26 for Sunair to respond. The auction is still in process and it is still possible that a better offer will emerge but it doesn’t seem likely at this price. The following is the actual offer letter as filed with the SEC: December 5, 2008 Special Committee of the Board of Directors of … Read more

SOUTHAMPTON, PA — Commercial Grounds Care, Inc. of Johnson Creek, WI — manufacturer of BOB-CAT, Bunton, Ryan and Steiner brand grounds care equipment — and Schiller-Pfeiffer, Inc. of Southampton, PA — manufacturer of Classen, Little Wonder and Mantis brand gardening, landscaping and turf care equipment — have merged to create Schiller Grounds Care, Inc. The two companies have been affiliates since August 2006. The merging of Commercial Grounds Care (CGC) and Schiller-Pfeiffer, Inc. (SPI) was completed on Jan. 1, 2009 and became effective on Jan. 5, 2009. The successful merger is the culmination of two years of preparation — merging … Read more