Thursday, October 23, 2014

Home News Reuters: Two competing for Brickman

Reuters: Two competing for Brickman

Industry News

Blackstone Group LP and KKR & Co are among the buyout firms vying for the company.

Reuters | November 6, 2013

NEW YORK  - Blackstone Group LP (BX.N) and KKR & Co LP (KKR.N) are among the buyout firms vying for Brickman Group Holdings Inc, the largest U.S. commercial landscaping company up for sale for around $1.5 billion, according to people familiar with the matter.

TPG Capital LP and CVC Capital Partners Ltd are also participating in the auction for Brickman, which is now in its final stages, the sources said this week, asking not to be identified because the sale process is confidential.

Leonard Green & Partners LP, a Los Angeles-based, private equity firm, has asked Barclays Plc (BARC.L) and Morgan Stanley (MS.N) to run an auction for Brickman, people familiar with the matter told Reuters in August.

Neither Leonard Green nor Brickman responded to requests for comments. Blackstone, TPG and CVC declined to comment while a KKR spokeswoman did not immediately respond to a request for comment.

For the complete story, click here.

Top news

Scotts acquires structural pest control company

This is the first time Scotts has purchased a home pest control business.

Kubota enters skid-steer market

The two models, introduced at its national dealer day, will be available in May of 2015. The company also announced three new zero-turn models.

Shake your eight ball

We look at seven of the top concerns and trends facing landscapers as they face 2015.

Everyone makes mistakes

Watch this Harvester video to see industry leaders admit some of their mistakes.

New landscape irrigation sprinkler standard

ICC and ASABE announced the first ANSI standard to establish uniform testing procedures.

x