Ares Private Equity fund has acquired a majority stake in Landscape Workshop, the No. 27 company on Lawn & Landscape's Top 100 list.
Through this transaction, Landscape Workshop will gain additional capital to expand its regional footprint and scale through new strategic acquisitions. For nearly 40 years, Landscape Workshop has provided professional service and expert maintenance for outdoor commercial spaces across various industries. Today, the company has grown to 38 locations across the Southeast.
“This is a pivotal next step in Landscape Workshop’s journey and a credit to our exceptional team for their dedication to our disciplined growth strategy while maintaining quality service for our clients,” says J.T. Price, CEO, Landscape Workshop. “As one of the largest landscaping companies in the nation, we have focused on establishing a strong culture of high-performance, collaboration and entrepreneurship that extends across our operations. We are thrilled to partner with Ares and leverage their investing experience to help accelerate our growth both organically and through acquisitions and create long-term shareholder value. Looking ahead, we remain steadfast in our commitment to provide great service to our customers and an exciting and supportive workplace for our current and future team members to succeed.”
“On behalf of Landscape Workshop, I would also like to thank Carousel Capital for their partnership over the last five years as well as their ongoing support as we continue to build on our momentum," Price adds.
Terms of the transaction were not disclosed. Piper Sandler served as financial advisor and K&L Gates LLP served as legal advisor to Landscape Workshop. Kirkland & Ellis LLP served as legal advisor to Ares on the transaction.
“We are thrilled by the opportunity to partner with J.T. and the entire Landscape Workshop team as they continue their growth trajectory,” Natasha Li and Mike Nawrot from Ares Private Equity wrote in a joint statement. “Landscape Workshop has positioned itself as a differentiated platform in the industry, leading with a highly professional, service-led focus that resonates with its customers and employees and a strong reputation as an acquisition partner. We look forward to supporting and further investing in these efforts as Landscape Workshop continues to expand its position in new and existing regions.”