Investment Summary

Carousel Capital Exits Landscape Workshop

On May 19, 2025, private equity firm Ares Private Equity Group invested in environmental company Landscape Workshop from Carousel Capital

Investment Highlights
  • This is Ares Private Equity Group’s 10th transaction in the Environmental sector.
  • This is Ares Private Equity Group’s 93rd transaction in the United States.
  • This is Ares Private Equity Group’s 2nd transaction in Alabama.

Investment Summary

Date 2025-05-19
Target Landscape Workshop
Sector Environmental
Investor(s) Ares Private Equity Group
Sellers(s) Carousel Capital
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
K&L Gates (Legal)

Target

Landscape Workshop

Birmingham, Alabama, United States
Landscape Workshop is a provider of route-based commercial landscaping services, including landscape maintenance, irrigation services, seasonal color programs, design and installation, and facility services. Landscape Workshop was founded in 1984 and is based in Birmingham, Alabama.

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Investor(S) 1

Investor

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 125 of 126
Sector: Environmental M&A 10 of 10
Type: Secondary Buyout M&A Deals 46 of 46
State: Alabama M&A 2 of 2
Country: United States M&A 93 of 93
Year: 2025 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-21 Epika Fleet Services

Bloomington, Minnesota, United States

Epika Fleet Services is a network of mobile and in-shop preventative maintenance service centers focused on commercial fleets across the country. Epika brands include LubeZone, ProFleet, All-Star Truck Service, and Deaton Fleet Solutions. Epika currently has 11 quick service preventative maintenance locations in California, Texas, Oklahoma, and Georgia; five full-service repair and maintenance facilities, and 15 branch locations operating nearly 50 mobile service units in Texas, Georgia, North Carolina, South Carolina, Tennessee, and Mississippi. Epika Fleet Services was founded in 2016 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-30 BlueCove

London, United Kingdom

BlueCove is a systematic fixed-income manager focused on applying scientific and data-driven methods to fixed-income investing. The Firm develops and manages systematic investment strategies for institutional clients, using quantitative research to enhance portfolio construction and risk management. BlueCove was founded in 2018 and is headquartered in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 21 of 21
Sector: Environmental M&A 2 of 2
Type: Secondary Buyout M&A Deals 14 of 14
State: Alabama M&A 5 of 5
Country: United States M&A 21 of 21
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 ORC

Charlotte, North Carolina, United States

ORC provides a comprehensive suite of turnkey solutions covering all aspects of the ROW process including planning, title support, appraisal, right-of-way negotiation, property management, and relocation assistance. ORC was founded in 1969 and is based in Charlotte, North Carolina.

Buy -