BrightView announces two acquisitions on West Coast

BrightView announces two acquisitions on West Coast

The company also released its fourth quarter and full fiscal year results from 2019.

Subscribe
November 21, 2019

BLUE BELL, Pa. – BrightView Holdings, a provider of commercial landscaping services, has announced its acquisition of Heaviland Enterprises, a commercial landscaping company headquartered in San Diego, California, and Clean Cut Lawns, a landscaping firm in Mesa, Arizona. Terms of the transactions were not disclosed.

“We are excited to welcome these two great companies, their team members and customers to BrightView,” said Andrew Masterman, BrightView president and CEO. “In addition to bringing over 250 talented landscaping professionals to our team, Heaviland and Clean Cut allow us to continue to expand our maintenance services presence in two key markets: San Diego County and the Phoenix Metropolitan Area.”

Heaviland provides landscape maintenance, irrigation and landscape enhancement services out of two San Diego County facilities. Tom Heaviland, who founded the company with his late father Ron, will remain with BrightView, along with other senior managers to provide leadership continuity. Heaviland employs 150 team members who service a diverse customer portfolio throughout San Diego County.

Clean Cut Lawns also offers a full suite of commercial landscaping solutions, including grounds management, landscape enhancement, irrigation, arbor care and pest control services. John Nation, principal, along with other senior managers, will remain with BrightView. Clean Cut has an established client portfolio and employs approximately 110 team members.

The company also released its fourth quarter and full fiscal year results from 2019. BrightView reported its total revenues for the quarter were $624.8 million, a 7.4% increase versus the prior year, as well as a net Income of $25.1 million, or $0.24 per share. This time last year, the company reported a net loss of $10.9 million, or $0.11 per share. Total revenues for the year were up 2.2% from last year at $2,404.6 million and a net income of $44.4 million, or $0.43 per share, in 2019. Last year, BrightView reported a net loss of $15.1 million, or $0.18 a share.