Moore & Van Allen PLLC served as legal advisor to Yellowstone management. Harris Williams served as financial adviser and Kirkland & Ellis LLP served as legal adviser to CIVC and Yellowstone. "We expect continued success for Yellowstone and Harvest as they continue to build and grow the business." "CIVC is proud to have been a part of Yellowstone's fantastic success over the past four and a half years, during which time we entered several new geographies and drove strong earnings gains," said John Compall, Partner at CIVC Partners. We are excited to continue our pursuit of excellence in commercial landscaping for our current and new customers, deliver continued growth and success across each of our key priorities, and create ever increasing development opportunities for our outstanding team of landscape professionals." "They provided timely, sound, and helpful guidance to our team as we navigated the challenges that come with rapid growth and brought their experience with expanding facility service businesses to bear on our behalf. "The CIVC team have been outstanding partners and colleagues," said Tim Portland, CEO of Yellowstone. Current and previous investments include KPA (environmental, health and safety software and onsite audit services), The Brickman Group (commercial landscape maintenance) and Kellermeyer Building Services (contract janitorial cleaning services). The sale of Yellowstone is a continuation of CIVC's success in the facility services industry. With CIVC's support, Yellowstone made strategic investments in its sales force, management and reporting systems, and innovative safety practices, resulting in exceptional EBITDA growth and a leading position in the landscape industry. Yellowstone is a leading provider of commercial landscape services to over 5,000 customers throughout the Southern and Southwestern United States, including corporate campuses, resorts and hotels, homeowners' associations, multi-family communities, schools, hospitals, and municipalities.ĬIVC worked closely with Yellowstone's management team to generate strong organic growth, complemented with selective acquisitions, and expand Yellowstone's service areas. Financial terms of the transaction were not disclosed. 1, 2019 /PRNewswire/ - CIVC Partners, LP ("CIVC") is pleased to announce the successful sale of Yellowstone Landscape ("Yellowstone") to Harvest Partners ("Harvest").
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |