LawnPRO Buys Meehan's Lawn Services
LawnPRO Partners, a platform focused on residential lawn care treatment and tree, shrub and pest control services backed by HCI Equity Partners, acquired Meehan’s Lawn Service. Meehan’s is the ninth acquisition for LawnPRO Partners. Financial terms were not disclosed.
Based in Brook Park, Ohio, Meehan’s was founded in 1993 by Tim and Deanna Meehan and provides lawn fertilization, tree and shrub care, mulch bed weed control, perimeter pest control and flea and tick treatment services to residential customers in Northeast Ohio. Meehan’s is LawnPRO’s second acquisition in Ohio and strengthens its geographic footprint in the Cleveland, Ohio, market. Tim and Deanna Meehan will continue to lead the business under LawnPRO’s ownership.
“After considering several potential platforms, we found that LawnPro Partners, with its track record of partnering with family and founder-owned businesses, was the right fit for us as owners, for our son who works with us, for our employees and for our customers,” said Tim Meehan. “Our future is looking brighter, and we are happy to be working with a partner who shares our values and vision.”
HCI intends to make significant investments in people, infrastructure and M&A for the growing LawnPRO Partners platform. The firm welcomes inquiries from lawn care treatment businesses interested in becoming part of the platform. Quarles & Brady served as legal counsel to HCI.
Massey Services Gives Back to Community
Massey Services embarked on several charitable initiatives they provided this holiday season.
The company, which is headquartered in Orlando, Fla., was one of the presenting sponsors for Winter on the Avenue in partnership with the City of Winter Park, Florida government. This event features the lighting of both the Christmas tree and the Chanukah Menorah as well as holiday carolers, children’s holiday art and snow slides. In addition to this event, Massey Services is also sponsoring the Annual Pancake Breakfast Fundraiser during the Annual Christmas Parade. All funds raised support the Youth Leaders Program for the Winter Park Chamber.
Massey Services was also a supporting sponsor of the Orlando Philharmonic Orchestra's Pops in the Park, a free holiday concert in a popular outdoor amphitheater on Park Avenue in Winter Park, Florida. The concert exposes thousands of concert goers and holiday shoppers with festive seasonal music along the avenue.
Finally, corporate team members at the company headquarters partnered with the Orlando Day Nursery to adopt 77 children’s holiday wish lists to ensure they received gifts over the holidays. The Orlando Day Nursery provides childcare to children from six weeks to five years old. The nursery is in downtown Orlando with a mission to develop lifelong learners through a high-quality, innovative, nurturing experience that builds a solid foundation for children and their families.
The company donated more than $2 million in charitable contributions and provided more than $100,000 of in-kind services to nonprofit organizations in the past year. Additionally, team members invested more than 5,000 volunteer hours to charities.
Oregon Tool's Disaster Relief Team Provides Aid in Aftermath of Hurricanes
In the aftermath of Hurricanes Helene and Milton this fall, Oregon Tool’s Disaster Relief Team deployed multiple trailers to separate locations to render assistance.
In September and October of this year, two separate Oregon Tool Disaster Relief Teams provided support in Lake City and Live Oak, Fla., Valdosta, Ga., and the Ashville, N.C., area. While there, they serviced more than 2,500 chainsaws so crews and residents could continue the hard work of restoring access and basic services to communities.
The team goes on-site to service the chainsaws and other equipment of local officials and first responders, outside organizations and property owners and residents of an impacted area. This includes replacing chains on saws that are needed to continue the difficult work of clearing trees and brush to open roads and provide access to badly impacted communities.
“You can’t imagine the feeling of helping people who are desperate just to get a tree off their home or car, or an electric company trying to get trees off the power lines to begin restoring the electricity for their area. I am so proud to be working for an organization that trusted our instincts and desire to help all,” said Millard Kidder, Oregon technical sales specialist and member of the Oregon Tool Disaster Relief Team who was deployed to Valdosta, Ga.
Neuberger Berman Capital Solutions Gains Significant Minority Stake in Yellowstone Landscape
Neuberger Berman Capital Solutions (NBCS), on behalf of client funds, has acquired a significant minority stake in Yellowstone Landscape, a provider of commercial landscape services.
Funds managed by Harvest Partners, LP (Harvest), a leading private equity firm based in New York, NY, are retaining majority ownership of Yellowstone. Separately, funds managed by Harvest Partners SCF, LP, Harvest’s noncontrol investment strategy, invested additional funds alongside NBCS. Terms of the investment were not disclosed.
“We are excited to welcome NBCS as a partner in Yellowstone,” said Harry Lamberton, president and CEO of Yellowstone. “Combined with Harvest and NBCS, we will continue our pursuit of excellence in commercial landscaping for customers across the country, driving success through our five key priorities, and creating ever increasing development and career opportunities for our industry leading team of landscape professionals.”
Headquartered in Bunnell, Fla., Yellowstone provides commercial landscape services to more than 9,000 customers throughout the U.S., with services that include landscape management, landscape installation, landscape enhancements, tree care services, irrigation and water management and snow and ice removal.
Harris Williams served as financial adviser, and Ropes & Gray served as legal adviser to Harvest Partners and Yellowstone. Piper Sandler served as financial adviser, and Latham & Watkins served as legal adviser to Neuberger Berman Capital Solutions.
