LMC Landscape Partners, a portfolio company of Trivest Partners, announced two transactions on October 6. LMC Houston has added landscape professionals, customer relationships, and operational resources from Nash Landscaping, and LMC has acquired Helping Hand Lawn Care, a full-service commercial landscaping company in Central Florida. Terms were not disclosed.
The assets.
Nash is a Greater Houston landscaper whose people and customer relationships move into LMC Houston, with continuity for Nash customers and employees. Jason McNabb of Nash said the team is "in good hands."
Helping Hand provides commercial landscape maintenance, irrigation, pest control, installation and enhancements, and tree care. It keeps its name, and its employees and leadership join LMC's Florida operations under Regional Vice President Steven Brackin. Reginald Pinard, Helping Hand's vice president of operations, stays with the business.
The platform.
LMC provides capital and shared services to founder- and family-owned commercial landscaping companies and lets them keep their names. Its brands include Woodlake Outdoor, LMC Houston, ALM Commercial Landscaping, Cutters Edge, Embark Services, and Shinto Landscaping, the Boca Raton company it bought in February. Trivest, based in Miami, invests only in founder-led and family-owned businesses across North America.
Two ways to buy.
The two deals show the two moves a regional landscaping platform makes. In Houston, where LMC already has a branch, it folded Nash's crews and contracts into its existing operation for density. In Central Florida, where it had nothing, it bought an operator and kept the brand so it has a local name to grow from. CEO Trey Brock described it as "building density in priority markets" and using local partners to enter new ones.
What it means.
For commercial landscaping owners in Texas and Florida, LMC is buying in both situations: next to an existing LMC branch and in markets it hasn't entered. Owners near an LMC branch should expect a conversation about crews and contracts more than about brand. Owners in a new market are more likely to keep their name and leadership.
Curious what a landscaping platform would pay for your company?
A tuck-in and a market-entry deal can look very different on price and structure. Schryver & Co. advises trades and home-services owners with roughly $5M to $100M in revenue. A short conversation, no pitch: will@schryverco.com.
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