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

    NameRoleTypeDescription
    Prospect Partners LLCSellerCompanyA private equity firm that has exited its investment in Bland Landscaping.
    Bland LandscapingTargetCompanyA landscaping service provider based in Apex, North Carolina.
    Comvest Private EquityBuyerCompanyThe private equity firm that has acquired Bland Landscaping.
    Citizens M&A AdvisoryFinancial AdvisorCompanyServed as the exclusive financial advisor to Bland Landscaping in the transaction.
    DLA Piper LLPLegal AdvisorCompanyProvided legal counsel to Bland Landscaping during the transaction.
    Kurt BlandCEOPersonCEO of Bland Landscaping, continuing leadership post-transaction.
    Matt BlandCFO and COOPersonCFO and COO of Bland Landscaping, continuing leadership post-transaction.