M&A Deal Summary

HeartLand Acquires Cutting Edge Landscape

On September 1, 2021, HeartLand acquired business services company Cutting Edge Landscape from Tregaron Capital

Acquisition Highlights
  • This is HeartLand’s 9th transaction in the Business Services sector.
  • This is HeartLand’s 9th transaction in the United States.
  • This is HeartLand’s 1st transaction in Idaho.

M&A Deal Summary
Date 2021-09-01
Target Cutting Edge Landscape
Sector Business Services
Buyer(s) HeartLand
Sellers(s) Tregaron Capital
Deal Type Add-on Acquisition

Target

Cutting Edge Landscape

Boise, Idaho, United States
Cutting Edge Landscape is a full-service commercial landscape provider and provides grounds maintenance, enhancements, snow removal, and installations and has developed a reputation for high-quality landscapes and strong customer service. Cutting Edge Landscape is based in Boise, Idaho.

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Buyer(S) 1

Buyer

HeartLand

Kansas City, Missouri, United States
Category Company
Sector Business Services
DESCRIPTION

HeartLand is a premier provider of commercial landscape and facilities services, currently operating in five markets across the Central United States. Services include full-service maintenance (mowing, pruning, fertilization and chemical, irrigation, bed maintenance, and annual flowers), landscape enhancements (property upgrades and renovations), and winter services (de-icing and snow removal). HeartLand is based in Kansas City, Missouri.

DEAL STATS #
Overall 9 of 13
Sector (Business Services) 9 of 13
Type (Add-on Acquisition) 9 of 13
State (Idaho) 1 of 1
Country (United States) 9 of 13
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Perficut

Des Moines, Iowa, United States

Perficut is a provider of commercial landscaping services to customers in Iowa and Nebraska. Perficut services include snow services, grounds maintenance services, and installation. Perficut was founded in 1990 and is based in Des Moines, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Merit Service Solutions

Marlton, New Jersey, United States

Merit Service Solutions is a provider of landscape maintenance, enhancement and design, installation, snow and ice management, and parking lot maintenance. Merit Service Solutions was founded in 1976 and is based in Marlton, New Jersey.

Buy -

Seller(S) 1

SELLER

Tregaron Capital

Palo Alto, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Tregaron Capital Company is a private investment firm focused on investing in small to mid-sized businesses with EBITDA between $1 and $5 million and annual revenues of at least $5 million. Tregaron looks to provide mezzanine and/or equity capital to support recapitalizations, management buy-outs, acquisition financings, go-private transactions, buy-outs of founders or passive owners, and growth capital transactions. Target sectors include business services, IT services, healthcare services, mature software and technology, niche food and consumer packaged goods, and value-added distribution. The Firm's investment size is $3 to $10 million per transaction. Tregaron Capital is based in Palo Alto, California.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 7 of 7
State (Idaho) 2 of 2
Country (United States) 9 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 TGaS Advisors

East Norriton, Pennsylvania, United States

TGaS Advisors is a provider of benchmarking and advisory services firm for commercial organizations in the life sciences industry, robust comparative intelligence and collaborative network membership services. TGaS Advisors was founded in 2004 and is based in East Pennsylvania.

Sell -
Mergr

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