M&A Deal Summary

Comvest Partners Acquires Bland Landscaping

On December 11, 2024, private equity firm Comvest Partners acquired business services company Bland Landscaping from Prospect Partners

Acquisition Highlights
  • This is Comvest Partners’ 5th transaction in the Business Services sector.
  • This is Comvest Partners’ 61st transaction in the United States.
  • This is Comvest Partners’ 5th transaction in North Carolina.

M&A Deal Summary

Date 2024-12-11
Target Bland Landscaping
Sector Business Services
Buyer(s) Comvest Partners
Sellers(s) Prospect Partners
Deal Type Recapitalization
Advisor(s) Citizens Capital Markets (Financial)

Target

Bland Landscaping

Apex, North Carolina, United States
Bland Landscaping is a provider of landscape design, installation, enhancement, and maintenance services for commercial properties and high-end residential estates. Bland Landscaping was founded in 1976 and is based in Apex, North Carolina.

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Buyer(S) 1

Buyer

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 62 of 62
Sector: Business Services M&A 5 of 5
Type: Recapitalization M&A Deals 5 of 5
State: North Carolina M&A 5 of 5
Country: United States M&A 61 of 61
Year: 2024 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Riccobene Associates Family Dentistry

Cary, North Carolina, United States

Riccobene Associates Family Dentistry is a provider of comprehensive general and multi-specialty dental services through modern, well-appointed dental offices including several dedicated pediatric and orthodontic practices. Riccobene Associates Family Dentistry was founded in 2000 and is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-20 Atomic Transport

Chattanooga, Tennessee, United States

Atomic Transport is a provider of outsourced long‐haul waste transport and transfer station management for waste companies in the U.S. Atomic transports municipal solid, liquid, and construction & demolition waste from transfer stations to landfills, manages terminal stations, and offers unique landfill services to its customer base. Atomic Transport was founded in 2015 and is based in Chattanooga, Tennessee.

Sell -

Seller(S) 1

SELLER

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 38 of 39
Sector: Business Services M&A 5 of 6
Type: Recapitalization M&A Deals 4 of 4
State: North Carolina M&A 1 of 1
Country: United States M&A 38 of 39
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Extera Building Solutions

Walton Hills, Ohio, United States

Extera Building Solutions is a commercial exterior facilities services provider. Extera Building Solutions serves contractors, building owners, and OEMs with a range of building envelope solutions, from roofing to masonry restoration and more. Extera Building Solutions was formed in 2024 and is based in Walton Hills, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 Neighborly

Waco, Texas, United States

Neighborly is a home services company with more than 30 brands and 5,500 franchises collectively serving 14 million+ customers by repairing, maintaining, and enhancing their homes and businesses. Neighborly is based in Waco, Texas.

Buy -