Thursday, July 31, 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

The A Team

Andre Landscape Service focuses on understanding the “client paradigm” to differentiate the firm in a competitive market.

12 months of Zen

Judy Altmaier opens up about her first year at Exmark, and where she sees the market headed.

Spray it or spread it?

If you’re trying to figure out whether you should be using a sprayer, a spreader or a combination of the two, consider these pros’ purchasing, training and maintenance tips.

Registration is open for Urban Tree Conference

The event will take place Nov. 18-19, 2014.

Irrigation webinar takes place Thursday

The webinar will teach efficient irrigation techniques for industry workers.

x