BrightView, the No. 1 company on our Top 100 list with more than $2.2 billion in 2017 revenue, filed on Wednesday with the SEC for an initial public offering of $100 million.
BrightView said in a statement: "BrightView Holdings, Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission regarding a proposed initial public offering of common stock. The number of shares to be offered and the price range for the offering have not been determined. The registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective."
The company would not comment any further. BrightView is backed by private equity firm KKR.
BrightView plans to list on the NYSE under the symbol BV. Goldman Sachs, J.P. Morgan, KKR and UBS Investment Bank, were some of the joint book-running managers on the deal. Pricing terms were not disclosed.
According to Renaissance Capital, the IPO could raise an estimated $500 million.
The IPO news comes on the heels of the company's acquisition of Environmental Earthscapes, a Tucson, Arizona-based firm that operates as The Groundskeeper, which posted $68 million in 2017 revenue and ranked 19th on our Top 100 list.
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