Metco receives private equity backing

Metco receives private equity backing

The Colorado-based landscape company is number 28 on our Top 100 list.

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September 18, 2018
Edited by Lauren Rathmell

DENVER – Westhook Capital, a new Los Angeles-based private equity firm has made an investment in Metco Landscape, a provider of landscaping installation and maintenance services in Colorado.

This is Westhook’s first investment as a company.

Metco will continue to be led by Mark Tomko who will remain in his position as CEO immediately following the transaction. Metco ranks number 28 in Lawn & Landscape Magazine’s Top 100 list. Its services include the design, installation and maintenance of commercial landscape across the Front Range of Colorado. The company operates out of its headquarters in Aurora, Colorado with two additional branches around Denver and one in Colorado Springs.

Tomko, who is also the of founder Metco said “We are very proud of our team and what we have built at Metco. We are excited to partner with Westhook, who we know shares our dedication to continuing to build an industry-leading landscape business by combining relentless focus on customer satisfaction and providing value to all our customers and team members.”

Michael Hooks, managing partner of Westhook Capital, said the green industry is very attractive and the firm looks forward to supporting Metco’s next phase of growth initiatives, including strategic acquisitions.

“We see a very fragmented industry where well managed and high-quality companies like Metco can distinguish themselves and grow both organically and through acquisition,” Hooks told Lawn & Landscape exclusively.

Westhook recently announced the closing of its inaugural fund, Westhook Capital Partners, L.P, with $140 million in commitments. The fund focuses on buyouts of U.S based lower middle market companies within the consumer, industrial, business services and healthcare services sectors.

Ceibass Venture Partners LLC served as financial advisor to Metco.