PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--
BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the leading
commercial landscaping services company in the United States, today
announced the acquisition of Emerald Landscape Company, Inc.
(“Emerald”), a preeminent commercial landscaping company located in
California’s Bay Area. Terms of the transaction were not disclosed.
Emerald specializes in commercial landscape maintenance, enhancement,
tree care, turf management and irrigation services, employing more than
200 highly skilled team members. It operates branches in the key Bay
Area markets of Livermore, Hayward, Concord, San Jose, Manteca, and
Tracy.
“From the outset, Emerald’s founders believed that the only way to run a
business was to be proactive and provide outstanding customer service,
and we think their approach will fit in perfectly with BrightView’s
culture. Thanks in large part to their approach, they are one of the
fastest growing landscape companies in the Bay Area,” said Andrew
Masterman, BrightView Chief Executive Officer. “This transaction is a
testament to our robust, strong-on-strong acquisition pipeline and puts
BrightView on track to achieve its annualized maintenance revenue
acquisition goal. We are delighted to welcome the Emerald team and their
customers to BrightView and we look forward to continued growth and
success in this important region.”
“I believe that Emerald shares much in common with BrightView and this
transaction provides a strong platform to continue growing our customer
base in the Bay Area. BrightView and Emerald both have a history of
providing high levels of customer service, being an integral part of the
communities in which we operate, and generating career opportunities for
our team members. My team and I look forward to joining BrightView and
we are excited about the continued growth potential of our region,” said
Steve Jacobson, Emerald’s President and co-founder. Jacobson, along with
his senior leadership team, will continue to run the day-to-day
operation of Emerald’s existing branches.
Troutman Sanders served as legal advisor to BrightView, and Thompson,
Welch, Soroko & Gilbert served as legal advisor to Emerald.
About BrightView
BrightView is the largest provider of commercial landscaping services in
the United States. Through its team of approximately 20,000 employees,
BrightView provides services ranging from landscape maintenance and
enhancements to tree care and landscape development for thousands of
customers’ properties, including corporate and commercial properties,
HOAs, public parks, hotels and resorts, hospitals and other healthcare
facilities, educational institutions, restaurants and retail, and golf
courses, among others.
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INVESTOR RELATIONS CONTACT:
Daniel Schleiniger, VP of
Investor Relations
484.567.7148
Daniel.Schleiniger@BrightView.com
MEDIA CONTACT:
Fred Jacobs, VP of Communications & Public
Affairs
484.567.7244
Fred.Jacobs@BrightView.com
Source: BrightView Landscapes