Westhook Capital (“Westhook”), a Los Angeles-based private equity firm focused exclusively on the lower middle market, today announced it has made an investment in Metco Landscape (“Metco”), a leading provider of landscaping installation and maintenance services in Colorado. The Company will continue to be led by Mark Tomko who will remain in his position as CEO immediately following the Transaction. Metco ranks #28 in Lawn & Landscape Magazine’s Top 100. Its services include the design, installation and maintenance of commercial landscape across the Front Range of Colorado. The Company operates out of its headquarters in Aurora, CO with two additional branches around Denver and one in Colorado Springs.
Mark Tomko, founder and CEO of Metco said “We are very proud of our team and what we have built at Metco. We are excited to partner with Westhook, who we know shares our dedication to continuing to build an industry leading landscape business by combining relentless focus on customer satisfaction and providing value to all our customers and team members.”
“We are very excited about partnering with founder and CEO Mark Tomko and the team at Metco Landscape to build on the impressive platform that they have built”, said Michael Hooks, Managing Partner of Westhook Capital. “This is a highly attractive industry and we look forward to supporting the Company’s next phase of growth initiatives, including strategic acquisitions. The Metco team has demonstrated a deep understanding of the business, detailed knowledge of the market, and strong relationships with its customers and suppliers.
Westhook recently announced the closing of its inaugural fund, Westhook Capital Partners, L.P, with $140 million in commitments. The fund focuses on buyouts of US based lower middle market companies within the consumer, industrial, business services and healthcare services sectors.
Mark Tomko founded Metco in 1987 with a few lawnmowers and a mission to build lasting relationships through quality landscaping services. Today, Metco’s offices and scope of work extends across the Front Range of Colorado and Metco ranks #28 on Landscape Magazine’s Top 100 list of national landscapers. Metco’s services include commercial landscape, homebuilder services, maintenance, and custom design and installation.
Westhook Capital is a private equity firm founded by professionals with over 40 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles. Westhook is targeting 5 – 6 platform investments for the fund and is focused on companies in the consumer, industrial, business services, and healthcare services segments with greater than $3 million of EBITDA. Westhook invests in control buyouts, management buyouts, and recapitalizations. Westhook is experienced and comfortable with founder-owned companies, founder transitions, secondary buyouts, and corporate divestitures.