Add-on Acquisition • Business Services

Asplundh Acquires Fitzwater Outdoor Maintenance

On October 6, 2025, Asplundh acquired business services company Fitzwater Outdoor Maintenance

Acquisition Context
  • This is Asplundh’s 1st transaction in the Business Services sector.
  • This is Asplundh’s 2nd transaction in the United States.
  • This is Asplundh’s 1st transaction in Ohio.

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M&A Deal Summary

Date October 6, 2025
Target Fitzwater Outdoor Maintenance
Sector Business Services
Buyer(s) Asplundh
Deal Type Add-on Acquisition

Target Company

Fitzwater Outdoor Maintenance

Greenville, Ohio, United States
Fitzwater Outdoor Maintenance provides vegetation management and commercial landscaping services. Fitzwater Outdoor Maintenance was founded in 1946 and is based in Greenville, Ohio.
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Buyer Overview 1

Buyer

Asplundh

Willow Grove, Pennsylvania, United States

Category Company
Founded 1928
Sector Business Services
Employees35,000
DESCRIPTION

Asplundh is a provider of recurring, nondiscretionary services across three segments: vegetation management, UtiliCon, and commercial landscaping. Asplundh was established in 1928 and is based in Willow Grove, Pennsylvania.


Deal Context for Buyer #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: Ohio 1 of 1
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Voltyx

Nashville, Tennessee, United States

Voltyx provides highly technical, outsourced substation services to a diverse universe of utility, renewable, data center, industrial, and other customers nationwide. Voltyx provides a comprehensive, specialized service offering across transformers, protective relays, and control systems and other related substation apparatus equipment such as breakers, batteries, and switchgear. Voltyx is based in Nashville, Tennessee.

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