Yellowstone Landscape Announces Minority Investment from Neuberger Berman Capital Solutions
Deal News | Dec 23, 2024 | Harvest Partners
Yellowstone Landscape, Inc., a leading provider of commercial landscape services in the United States, has announced that Neuberger Berman Capital Solutions (NBCS) has acquired a substantial minority stake in the company. Located in Bunnell, Florida, Yellowstone serves over 9,000 customers, offering a variety of services, including landscape management and irrigation. The majority ownership of Yellowstone remains with Harvest Partners, a New York-based private equity firm with over 40 years of investment experience. Additionally, Harvest Partners' non-control investment strategy, Harvest Partners SCF, has invested additional funds alongside NBCS. While specific terms of the investment remain undisclosed, both Harvest and NBCS expressed enthusiasm for the partnership and their support for Yellowstone's experienced management team. Financial advisement for the transaction was provided by Harris Williams for Yellowstone and Harvest, along with Piper Sandler for NBCS, while legal advice was given by Ropes & Gray and Latham & Watkins, respectively. Yellowstone, NBCS, and Harvest are committed to furthering the company's growth and continuing its strategic objectives.
Sectors
- Commercial Landscaping Services
- Private Equity
- Investment Advisory
Geography
- United States – Yellowstone Landscape is based in Bunnell, Florida and provides services across the United States. The involved private equity firm and investment entities are primarily based in New York and have a global presence.
- New York, USA – Harvest Partners, the private equity firm involved in the transaction, is based in New York, making it a central geographic focus for the investment narrative.
Industry
- Commercial Landscaping Services – Yellowstone operates in the commercial landscaping industry providing services such as landscape management and installation across the United States.
- Private Equity – Harvest Partners and Neuberger Berman Capital Solutions are both active participants in the private equity sector, facilitating investments and acquisition strategies.
- Investment Advisory – Advisory firms such as Harris Williams and Piper Sandler played roles in facilitating the financial aspects of the investment deal.
Financials
- Undisclosed – The terms of the investment by Neuberger Berman Capital Solutions and additional funds from Harvest Partners SCF were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yellowstone Landscape, Inc. | Target | Company | A major provider of commercial landscape services in the United States with over 9,000 clients. |
| Harvest Partners | Selling Company | Company | A New York-based private equity firm that retained majority ownership in Yellowstone and facilitated additional investment through its non-control strategy. |
| Neuberger Berman Capital Solutions | Bidding Company | Company | An investment firm that acquired a significant minority stake in Yellowstone Landscape, part of Neuberger Berman with substantial assets under management. |
| Harris Williams | Financial Advisor to Harvest Partners and Yellowstone | Company | Advised Harvest Partners and Yellowstone on the financial aspects of the transaction. |
| Piper Sandler | Financial Advisor to NBCS | Company | Advised Neuberger Berman Capital Solutions on the financial aspects of the investment. |
| Ropes & Gray | Legal Advisor to Harvest Partners and Yellowstone | Company | Provided legal services to Harvest Partners and Yellowstone regarding the investment. |
| Latham & Watkins | Legal Advisor to NBCS | Company | Provided legal advisory services for Neuberger Berman Capital Solutions. |