Terracare Associates, LLC (“TCA”), a leading outdoor maintenance company, announced the acquisition of Tierra Verde Resources and Blue Skies Landscape Maintenance, affiliated commercial landscape companies based in San Diego, CA. The transaction represents the fourth add-on acquisition, and second this year. The acquisition is a strategic extension of TCA’s current operations in Southern California.
“This transaction is a terrific opportunity to expand our current operations throughout the entire San Diego County area,” said Dean Murphy, President of TCA. “We look forward to partnering with the existing team of employees to continue their growth and working together in providing high quality services to its already impressive roster of existing clients.”
Bud Delgado, owner and founder of Tierra Verde Resources, added, “I feel fortunate to have found a partner like TCA who will continue to support our growth and our employees well into the future. I have no doubt the broad resources of TCA will add significant value to our operations.” Tierra Verde Resources and Blue Skies Landscape maintenance has just over 200 employees and manage more than 300 properties in San Diego County.
“We are fortunate to work with a professional and supportive group of financial partners, who believe in the TCA family and have chosen to support our growth through continued investment,” says Murphy. TCA is owned by Progress Equity Partners with additional financing provided by NBH Capital Finance, Harbert Mezzanine Partners and Patriot Capital.