United Land
Services, a commercial and residential landscape
services platform backed by Centre Partners and LP First
Capital, has acquired Greenway Lawn & Landscape and
Sanford Tree Service.
As a result of a
well-executed organic and acquisition-driven growth strategy, United has
rapidly scaled its platform and earned No. 24 on Lawn & Landscape’s Top 100 list last year. Revenues have grown by nearly five times since
Centre and LPFC formed the initial platform in September 2020. Terms of
the transaction were not disclosed.
Since September
2020, United has completed 16 add-on acquisitions, grown to over 1,200
employees, and established over 20 branches across several of the fastest growing
metropolitan areas in the Southeast. In addition, United has built a robust acquisition
pipeline and currently has several acquisitions under letter of intent which
would further enhance its presence in the region.
Founded in
2014 and headquartered in Jacksonville, Florida, Greenway provides
landscape maintenance, enhancement, and tree care services primarily to
commercial customers, including homeowners’ associations, multifamily property
managers, and local municipalities. Greenway’s executive leadership
team, Sasa Popovic and JD Nixon, will continue to provide branch
oversight.
“We are
excited to join the United team to further accelerate our growth and expand our
service offerings throughout the state. United has built a tremendous
reputation in the marketplace while embodying a strong culture of partnership,” Popovic says. “We are keen to leverage the robust infrastructure, tools and best practices
that United will bring to Greenway, broadening opportunities for our customers
and employees. We look forward to being a part of this dynamic
organization.”
Bob Blandford,
Founder and Chief Executive Officer of United, said, “United’s acquisition
of Greenway is another step in our long-term strategy of building density in
attractive geographic markets while strengthening our ability to continue to
offer high-quality landscaping services for our customers. With deep-rooted
customer relationships, a disciplined operating approach, and best-in-class
customer service reputation, the United platform is very well-positioned for
organic and acquisition growth going forward.”
www.lawnandlandscape.com
https://www.lawnandlandscape.com/news/united-land-services-acquires-greenway-lawn-sanford-tree/
