Bland Landscaping Stays Green with New Ownership
Deal News | Dec 11, 2024 | Prospect Partners LLC
Prospect Partners, a private equity firm, has exited its investment in Bland Landscaping as the company enters a new phase of growth under Comvest Private Equity. In a partnership that began in December 2017, Prospect helped transform Bland Landscaping from a design-focused to a maintenance-focused provider, expanding its reach through systematic growth strategies including seven add-on acquisitions. Headquartered in Apex, North Carolina, Bland Landscaping offers diverse services across North and South Carolina. As part of the transition, leadership will remain with Kurt and Matt Bland, ensuring business continuity. Citizens M&A Advisory and DLA Piper LLP were involved as financial and legal advisors, respectively.
Sectors
- Private Equity
- Landscaping Services
Geography
- United States – The companies involved are based in the United States, specifically Prospect Partners in Chicago, Illinois, and Bland Landscaping in Apex, North Carolina.
- North Carolina – Bland Landscaping is headquartered in Apex, North Carolina, and operates primarily in North and South Carolina.
Industry
- Private Equity – The article involves Prospect Partners, a private equity firm, exiting from an investment.
- Landscaping Services – Bland Landscaping operates in the landscaping industry, providing maintenance and enhancement services.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Prospect Partners LLC | Seller | Company | A private equity firm that has exited its investment in Bland Landscaping. |
Bland Landscaping | Target | Company | A landscaping service provider based in Apex, North Carolina. |
Comvest Private Equity | Buyer | Company | The private equity firm that has acquired Bland Landscaping. |
Citizens M&A Advisory | Financial Advisor | Company | Served as the exclusive financial advisor to Bland Landscaping in the transaction. |
DLA Piper LLP | Legal Advisor | Company | Provided legal counsel to Bland Landscaping during the transaction. |
Kurt Bland | CEO | Person | CEO of Bland Landscaping, continuing leadership post-transaction. |
Matt Bland | CFO and COO | Person | CFO and COO of Bland Landscaping, continuing leadership post-transaction. |