LawnPRO Partners Expands with Meehan's Acquisition
Deal News | Dec 20, 2024 | HCI Equity Partner
HCI Equity Partners-backed LawnPRO Partners has acquired Meehan's Lawn Service to enhance its presence in the Midwest, specifically in Northeast Ohio. Meehan's Lawn Service, headquartered in Brook Park, Ohio, provides a variety of residential lawn care services including lawn fertilization, tree and shrub care, and pest control. The acquisition marks the ninth for LawnPRO and its second in the Ohio region, signifying its commitment to expanding its geographic footprint. The company's founders, Tim and Deanna Meehan, will remain with the business under LawnPRO's ownership. LawnPRO's CEO, Bill Viveen, expressed enthusiasm for the acquisition, applauding the Meehans for their strong customer service and for aligning with LawnPRO’s long-term expansion strategy. Tim Meehan noted the acquisition as an ideal fit for continued growth and alignment with LawnPRO’s corporate values. HCI Equity Partners, headquartered in Washington, D.C., is a private equity firm focused on partnering with family and founder-owned businesses. It plans to invest further in LawnPRO Partners through people, infrastructure, and M&A. Legal counsel for HCI was provided by Quarles & Brady.
Sectors
- Private Equity
- Lawn Care Services
Geography
- United States – The acquisition and operations are based in the United States, specifically focusing on the Midwest and Ohio regions.
- Ohio – Meehan's Lawn Service is based in Brook Park, Ohio, and the acquisition strengthens LawnPRO's presence in the Cleveland, OH market.
Industry
- Private Equity – HCI Equity Partners is a private equity firm involved in this transaction.
- Lawn Care Services – LawnPRO Partners and Meehan's Lawn Service operate in the lawn care and pest control industry.
Financials
- Not Disclosed – Financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LawnPRO Partners | Acquiring Company | Company | A platform focused on residential lawn care treatment backed by HCI Equity Partners. |
| Meehan's Lawn Service | Target Company | Company | Provides lawn fertilization, tree & shrub care, and pest control services in Northeast Ohio. |
| HCI Equity Partners | Private Equity Firm | Company | A private equity firm focusing on family and founder-owned businesses, backing LawnPRO Partners. |
| Tim and Deanna Meehan | Leadership | People | Founders of Meehan's Lawn Service, continuing leadership post-acquisition. |
| Quarles & Brady | Legal Advisor | Company | Provided legal counsel to HCI Equity Partners for this transaction. |