Chula Vista: Verde Equity Partners Acquires Leading Landscaping Firm
Deal News | Jan 14, 2025 | EIN
San Diego-based private equity firm Verde Equity Partners has announced its acquisition of Chula Vista Commercial Landscaping, a prominent landscaping company located in Tucson, Arizona. This strategic move marks Verde's first venture into the Arizona market. Chula Vista, founded by Alfredo Zavala in 1990, is known for its dedication to superior landscaping services and client satisfaction. Verde intends to maintain the existing brand and leadership while utilizing its resources to accelerate growth and market reach. Chris Gillespie, COO of Verde Property Services, emphasized the importance of this acquisition in their broader expansion strategy. This purchase forms part of Verde's goal to reach $100 million in revenue by 2025, supported by the closing of their Fund I. Verde has completed six acquisitions within the last 15 months and plans for further activity in early 2025.
Sectors
- Private Equity
- Landscaping Services
Geography
- United States – The acquisition involves companies based in San Diego, California, and Tucson, Arizona, within the United States.
- Arizona – Chula Vista Commercial Landscaping is based in Tucson, Arizona, making this state a focal point for the acquisition.
Industry
- Private Equity – Verde Equity Partners is a private equity firm making acquisitions to expand its portfolio and market presence.
- Landscaping Services – Chula Vista Commercial Landscaping operates in providing high-quality landscaping services to commercial clients.
Financials
- $100 million – Revenue target of Verde Equity Partners for 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verde Equity Partners | Acquirer | Company | A San Diego-based private equity firm specializing in scaling businesses in the lower-middle market. |
| Chula Vista Commercial Landscaping | Target Company | Company | A leading commercial landscaping company based in Tucson, Arizona, founded by Alfredo Zavala. |
| Alfredo Zavala | Founder | Person | Founder of Chula Vista Commercial Landscaping. |
| Chris Gillespie | COO of Verde Property Services | Person | COO of Verde Property Services, part of Verde Equity Partners. |
| Barnes & Thornburg LLP | Legal Advisor | Company | Provided legal counsel to Verde Equity Partners with an M&A team led by Anthony Arnold and Victoria Rockefeller. |