BEDFORD HILLS, N.Y. — Funds advised by Apax recently acquired SavATree from CI Capital Partners. The transaction is subject to customary closing conditions and is expected to close in Q4 2021. Terms of the transaction were not disclosed.
SavATree was founded in 1978 and is headquartered in Bedford Hills, New York. SavATree is committed to an environmentally sensible approach to tree, shrub and lawn care services and has been caring for residential, commercial and government properties for over 40 years. The company services customers in 27 states through 58 locations.
The company ranked No. 13 on our 2021 Top 100 list.
The Apax Funds, in partnership with SavATree’s leadership team, will strive to accelerate the company’s growth trajectory both organically and through strategic M&A.
“I’m delighted that the Apax Funds have invested in SavATree," said Daniel van Starrenburg, executive chairman at SavATree. "We’ve built SavATree into a company that people trust and rely upon across the US, and Apax has the experience and know-how to help us achieve our ambitious, global growth plans while staying true to our customer-centric, environmentally responsible approach. Together with our dedicated teams, we can’t wait to start this next chapter of the business.”
“SavATree has continued to go from strength to strength and we are excited to partner with Apax for the next phase of our journey," said SavATree CEO Carmine Schiavone. "Their experience in the residential services industry combined with their transformational growth approach will be of great value as we continue to build our business, offering our services to more customers both in the US and globally.”