M&A Deal Summary

Prospect Partners Acquires Bland Landscaping

On January 11, 2018, private equity firm Prospect Partners acquired business services company Bland Landscaping

Acquisition Highlights
  • This is Prospect Partners’ 7th transaction in the Business Services sector.
  • This is Prospect Partners’ 50th transaction in the United States.
  • This is Prospect Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-01-11
Target Bland Landscaping
Sector Business Services
Buyer(s) Prospect Partners
Deal Type Recapitalization
Advisor(s) CCG Advisors LLC (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 established in 1976 and is based in Apex, North Carolina.

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Buyer(S) 1

Buyer

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 50 of 57
Sector (Business Services) 7 of 7
Type (Recapitalization) 19 of 22
State (North Carolina) 1 of 1
Country (United States) 50 of 57
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Irrigation Components International

Daphne, Alabama, United States

ICI Holding Co. is a wholesale distributor, supplier, and manufacturer of mechanical and electrical components to agricultural irrigation markets in the U.S. and overseas. ICI was established in 1983 and is based in Daphne, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Minuteman Security and Life Safety

Andover, Massachusetts, United States

Minuteman Security and Life Safety is a provider of security technology solutions to enterprise organizations in a variety of markets, including transportation, higher education, healthcare, industrial/commercial, and municipal. Minuteman Security and Life Safety was established in 1988 and is based in Andover, Massachusetts.

Buy -