Veseris Expands Turf & Ornamental Footprint with Tessman and Lynde Acquisition
Deal News | Jan 02, 2025 | Newswire Business
Veseris, a prominent distributor in pest control and vegetation management, has announced its acquisition of The Tessman Company and The Lynde Company. This acquisition is strategic in expanding Veseris' presence in the turf & ornamental and pool supply markets. Based in Austin, Texas, Veseris seeks to leverage Tessman and Lynde's long-established expertise and customer relations to augment its service offerings. Ken Bradley, CEO of Veseris, highlights the cultural synergy between the entities and the opportunities this acquisition presents in delivering enhanced products and solutions to an expanding customer network. The Tessman Company and The Lynde Company, noted for their experience in turf and pool chemicals respectively, will continue their operational routines post-acquisition. Terry Reiten, President of both companies, views this as a chance to better serve customers with Veseris' broader resources. This move demonstrates Veseris' commitment to strategic growth and support for its customer and supplier base across North America.
Sectors
- Distribution
- Agriculture
- Chemical Supplies
Geography
- United States – Veseris is headquartered in Austin, Texas, and the acquisition involves companies with notable operations in the U.S.
- North America – Veseris operates across the U.S., Canada, and Mexico, and this acquisition affects its North American market presence.
Industry
- Distribution – Veseris operates as a distributor for pest control, turf & ornamental, and vegetation management products, positioning this acquisition as a key expansion in the distribution sector.
- Agriculture – The Tessman Company is involved in serving lawn care, landscape professionals, nurseries, and golf courses, which are significant elements of the agriculture sector.
- Chemical Supplies – Lynde Company's focus on pool chemicals places them within the chemical supply industry.
Financials
- – No specific financial details regarding the acquisition were provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Veseris | Acquiring Company | Company | A leading distributor of pest control, turf & ornamental, public health, and vegetation management products. |
| The Tessman Company | Target Company | Company | Headquartered in St. Paul, MN, it serves the turf & ornamental industry. |
| The Lynde Company | Target Company | Company | Specializes in pool chemicals and related products. |
| Ken Bradley | CEO of Veseris | Person | Leads Veseris and commented on the strategic significance of the acquisition. |
| Terry Reiten | President of The Tessman Company and The Lynde Company | Person | Expressed optimism about joining Veseris. |