Thursday, April 17, 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

Dealing with drought

L&L talked with landscapers throughout the state to see how they’re faring with the conditions.

John Deere Landscapes makes an acquisition

Eljay Irrigation in Canada will integrate immediately with JDL.

Davey names new President of U.S. Operations

Patrick Covey has been with the company for 20 years.

Affected by the elements

After drastic weather in 2013, LCOs need to keep a close eye on pests this spring.

Learn to control aquatic weeds

A free webinar will teach LCOs how to fight weeds in the water.