M&A Deal Summary

HeartLand Acquires Merit Service Solutions

On December 31, 2021, HeartLand acquired business services company Merit Service Solutions from Eureka Equity Partners

Acquisition Highlights
  • This is HeartLand’s 13th transaction in the Business Services sector.
  • This is HeartLand’s 13th transaction in the United States.
  • This is HeartLand’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-12-31
Target Merit Service Solutions
Sector Business Services
Buyer(s) HeartLand
Sellers(s) Eureka Equity Partners
Deal Type Add-on Acquisition

Target

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.

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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 13 of 13
Sector (Business Services) 13 of 13
Type (Add-on Acquisition) 13 of 13
State (New Jersey) 1 of 1
Country (United States) 13 of 13
Year (2021) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Landscape Services

Nashville, Tennessee, United States

Landscape Services is a full-service provider of commercial landscape services to customers in Tennessee and the surrounding area. Core services include: grounds maintenance services, landscape enhancements, installations and snow services. LSI serves a portfolio of commercial clients, which include homeowners’ associations, commercial offices buildings, retail, and multi-family buildings. Landscape Services was founded in 1988 and is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 22 of 23
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (New Jersey) 3 of 4
Country (United States) 22 of 23
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Mccue

Peabody, Massachusetts, United States

Mccue is specializes in the distribution of products such as safety barriers, floor railings and bumpers, for use in warehouses and high footfall environments spanning sectors such as grocery and ecommerce. Mccue was founded in 1988 and is based in Peabody, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Jansy

Fort Lee, New Jersey, United States

Jansy is a provider of value-added specialty packaging solutions for branded consumer products companies across a number of consumer categories. Jansy offers a turnkey consumer packaging platform that combines design and engineering services with full-scale outsourced production capabilities. Jansy was founded in 2004 and is based in Fort Lee, New Jersey.

Sell -