M&A Deal Summary

TruGreen Acquires Lawn Dawg

On September 25, 2017, TruGreen acquired consumer services company Lawn Dawg from Brighton Partners and Tenth Street Capital

Acquisition Highlights
  • This is TruGreen’s 2nd transaction in the Consumer Services sector.
  • This is TruGreen’s 2nd transaction in the United States.
  • This is TruGreen’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2017-09-25
Target Lawn Dawg
Sector Consumer Services
Buyer(s) TruGreen
Sellers(s) Brighton Partners
Tenth Street Capital
Deal Type Add-on Acquisition

Target

Lawn Dawg

Nashua, New Hampshire, United States
Lawn Dawg is a provider of lawn care services specializing in the application of fertilizers, herbicides, and pesticides to residential and commercial customers. Lawn Dawg was founded in 1997 and is based in Nashua, New Hampshire.

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Buyer(S) 1

Buyer

TruGreen

Memphis, Tennessee, United States
Category Company
Founded 1973
Sector Consumer Services
DESCRIPTION

TruGreen is an operator of a lawn care company that offers lawn, tree and shrub care services. TruGreen was founded in 1973 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 Scotts LawnService

Marysville, Ohio, United States

Scotts LawnService provides residential lawn services. The Company offers fertilization, crabgrass prevention, weed control, lawn aeration, seeding, and insect and disease control services.

Buy -

Seller(S) 2

SELLER

Brighton Partners

Atlanta, Georgia, United States

Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 21M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Brighton Partners is a private equity firm that targets investments in smaller companies with annual revenues of $10 to $30 million. Brighton looks to make control investments in later-stage companies not driven by rapid changes in technology. The Firm prefers opportunities located in the Southeast, Mid-Atlantic, or Midwest US. Prospective transaction situations include buyouts and recapitalizations. Brighton Partners was formed in 2003 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 4
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 PSA Worldwide

Colorado Springs, Colorado, United States

PSA Worldwide create awareness for programs which educate on sexual assault prevention, domestic and dating violence prevention, substance abuse prevention, child abuse, bullying, suicide prevention, and overall wellness! PSA Worldwide is based in Colorado Springs, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 US Tarp

South Haven, Michigan, United States

US Tarp is a designer, manufacturer, and distributor of load containment and cargo protection tarping systems, controls, and tarps for commercial vehicle applications. US Tarp was established in 2001 and is based in South Haven, Michigan.

Buy -
SELLER

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 13 of 21
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 5 of 9
State (New Hampshire) 1 of 1
Country (United States) 13 of 21
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Gared Performance Sports Systems

Noblesville, Indiana, United States

Gared is a manufacturer and marketer of sports equipment and custom gymnasium solutions. Gared markets its products and services through a strong network of dealers worldwide. Gared was founded in 1922 and is based in Noblesville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 NexusTek

Greenwood Village, Colorado, United States

NexusTek is a provider of regional IT support and outsourcing including help desk, cloud services, VoIP, cyber security services, server monitoring and Microsoft Dynamics 365 CRM services. From managed IT services to cloud solutions and customized business software implementations, NexusTek employs top talent, offers personalized attention, and brings nearly 22 years implementing technology best practices for companies across Arizona and the region. NexusTek was founded in 1996 and is based in Greenwood Village, Colorado.

Sell -
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