Verde Equity Partners, a San Diego-based private equity firm, has acquired Green-Tech Landcare, which offers commercial landscaping services in Southern California.
The acquisition of Green-Tech Landcare marks the third transaction in a planned vertical roll-up strategy focused on commercial landscaping companies.
"We are excited to be working with the Green-Tech team," says Tom Heaviland, Verde's operating partner and CEO. "Green-Tech's premier customer relationships, longevity in the community and strong brand make it a natural fit for our family of companies and we continue to growth quickly."
Verde Equity Partners continues to actively pursue investment opportunities with the support of its investors while continuing its planned acquisitions of additional commercial landscaping companies located in and around the Southwest states with at least two more planned acquisitions slated for this fiscal quarter.
Green-Tech Landcare founder Tom Bjorstrom will continue to support the company as it is integrated into Verde's operating portfolio of companies.
"Having known both the investment managers and operating partner for a number of years, I am excited that we were able to find an opportunity to work together," he says. "I know the team will be a great custodian of what the Green-Tech team has built over the last decade."
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