Vila & Son seeks buyer “There’s not even a question in my mind” a sale will be done in mid-July, said Alan Goldberg, who joined Vila & Son in March as its chief restructuring officer. According to the Lawn & Landscape Top 100 list, Vila & Son posted revenue of $62.5 million in 2008 and $53.8 million in 2009. Last year, it ranked as the 14th largest company in the industry. The company was heavily reliant on the construction market, in addition to offering maintenance, irrigation, tree care and lighting services, and in 2010, its revenue dropped to $45.9 million. “That’s tough on a company,” said Goldberg, who also owns Miami-based Crisis Management, Inc. “Construction, mainline construction, went down and landscape construction went down. Were there things we could have done? … That’s irrelevant,” Goldberg said. Juan Carlos Vila, who founded the company in 1984, still serves as its owner and president, Goldberg said. The company has not entered bankruptcy. Goldberg said the company is negotiating with three potential buyers – both landscape companies and private investment firms – right now, and recently hired an investment bank to help manage the process. In anticipation of a sale, in early July Vila & Son filed a notice with the state of Florida that it could lay off all of its 641 employees in August. “We’re still around; we’re still alive,” Goldberg said. “Just like many businesses, we need an influx of cash.” Vila & Son, headquartered in Homestead, Fla., also has branch offices in Miami, Orlando, Fort Myers, Jacksonville, Tampa, Port St. Lucie and West Palm Beach. At one time, the company also operated 200 acres of nurseries and tree farms throughout the state, as well as a retail store in Royal Palm Beach, Fla. The retail operation closed a few years ago. A sister company, Vila & Son Tree Farm, Inc., is not involved in the company’s restructuring. – Chuck Bowen
The lawn care company has locations in Seattle, Colorado, Texas and nationwide in Canada. The newest franchise will service residents of Davis and Weber counties in Utah. Local franchisee Jaxon Searcy opened a Nutri-Lawn location after deciding to move to the lawn care industry from the refrigeration and HVAC industry. Searcy has been servicing clients since the spring. “After a long search for the perfect business to bring to the local market, I discovered Nutri-Lawn and contacted them about purchasing a franchise in lawn care,” Searcy said. “Their commitment to eco-friendly lawn care impressed me so much that I purchased a franchise."
After reports of severe damage to conifers and other trees from Maryland to Minnesota, DuPont Professional Products is cautioning lawn care operators not to use the new post-emergent broadleaf weed control product in areas where Norway spruce or white pine trees are located. The company released Imprelis in early spring, giving LCOs a low-volume option that, by all accounts, gave solid control of a wide range of weeds, including hard-to-eradicate species like ground ivy and wild violet. Imprelis controls the broadleaf weeds with a new active ingredient – aptexor – and a new subclass of the carboxylic acid herbicides. But since Memorial Day, applicators and university researchers in the Northeast and Midwest have been reporting curling needles, severe browning and dieback in trees near turf that had been treated with Imprelis. In a June 17 letter to Imprelis customers, DuPont said it is investigating the incidents, and has found them to have the following common variables:
Bert Cregg, associate professor of horticulture and forestry at Michigan State University, said it’s too early to tell what the damage means for trees’ long-term health, but, based on the level of dieback seen, trees could look deformed for the foreseeable future. – L&L staff ValleyCrest reshapes leadership team CALABASAS, CALIF. – ValleyCrest Landscape Cos. has made changes to its senior leadership team, promoting Andrew J. Mandell to the newly created position of CEO of ValleyCrest Landscape Development, the company’s construction division. Mandell previously served nine years as executive vice president and chief financial officer of ValleyCrest Landscape Cos. Richard Wolff has been named to succeed Mandell as executive vice president and chief financial officer. Mandell will team with Tom Donnelly, who remains president of the development division. In his new role, Mandell will be responsible for an operational network that serves clients in major markets across the United States and internationally in the United Arab Emirates, Asia and the Caribbean. Wolff brings nearly 25 years of senior-level financial experience, operational business leadership and broad CFO capabilities to ValleyCrest. Prior to joining the company, Wolff held positions at Castle & Cooke, ITT Industries, Triton Media Group and Sage Publications. His new role includes overseeing all finance, accounting, acquisitions, safety, fleet, real estate and information systems. |
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