PHILADELPHIA – Five Seasons Property Management, a newly formed, privately held company based in Pennsylvania, has acquired two of the industry’s largest companies.
In late July, Reliable Property Services based in St. Paul, Minnesota, was acquired, and the purchase of T.R. Gear Landscaping in Fairfield, Ohio, was completed in late September.
Combined, the two companies had 2015 revenue of approximately $45 million. Reliable was listed at 42nd on the 2015 Lawn & Landscape Top 100 list with $30,300,000 in revenue and 385 employees.
Greg Odhner, director of operations for Five Seasons Property Management, says the current management teams of both companies will stay in place.
“I think their business processes, the people within the company – we’re very excited about working with them – and their business systems,” Odhner says about what made Reliable and T.R. Gear good acquisition targets.
“We’re out looking at some quality companies across the country we believe we can acquire and add value to, and help them grow and give them better opportunity,” says Odhner, who spent 33 years with Brickman before retiring in 2013 as division vice president.
Five Seasons, which was founded this summer, serves commercial, industrial and golf course maintenance clients throughout the Midwest. Reliable and T.R. Gear had operations in Minnesota, Wisconsin, Illinois, Iowa, Ohio and Kentucky.
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