SingleOps has merged with Landscape Management Network.
SingleOps provides arbor and landscape business software while LMN offers landscape business software and crew training in the U.S. and Canada. Together, they form a business management software and payments platform serving the full-service landscaping, tree care, design/build and snow removal industries.
As part of this transaction, SingleOps secured an additional growth equity investment from existing investor FTV Capital, with participation from Five Elms Capital, who had previously invested. Mark Sedgley, CEO of SingleOps, will lead the combined business effective immediately. Mark Bradley, founder of LMN, will remain with the company as a strategic advisor and partner to the business.
"Merging these two incredible companies allows us to continue putting our customers first," Sedgley says. "Our customers are the fabric of our economy and create millions of jobs all over North America and in their respective communities. Both SingleOps and LMN take this responsibility very seriously, working hard to empower our customers to thrive."
"It has been a great privilege to lead LMN for over 16 years, and I am excited to work closely with SingleOps to create a market-leading business serving the green industry," Bradley says. "LMN is fortunate to have found a strategic partner with complementary capabilities and a shared vision for growth, and the combined company is now well-equipped to continue to capitalize on the market opportunity."
SingleOps and LMN will continue to support and invest in their respective software platforms, aiming to optimize their technology capabilities and expand the breadth of services they provide to meet market demand.
"By bringing together these two leading vertical SaaS platforms, SingleOps and LMN are uniquely positioned to support the full range of customer needs across the green industry," says Robert Anderson, partner at FTV Capital. "LMN and SingleOps have shared cultures of putting their customers first and understanding the pain points from their clients' perspectives. We look forward to supporting the combined company as it continues to help the industry be successful and work tirelessly to serve its great customers."
Raymond James served as exclusive financial advisor and Stikeman Elliott and Kirkland & Ellis as legal counsel to LMN. Houlihan Lokey served as financial advisor and Gibson Dunn as legal counsel to FTV and SingleOps.
"FTV's partnership and expertise have been instrumental to getting us where we are and will be equally as vital as we move forward into this next exciting phase of growth," Sedgley adds.
