CenterOak Partners forms Turf Masters Lawn Care Services

CenterOak Partners, a Dallas-based private equity firm, has formed Turf Masters Lawn Care Services, a residential lawn services platform created through the combination of three providers: Turf Masters Lawncare, All Turf Holdings and Green Group Holdings.

As part of the transaction, the existing owners and management teams will continue to be active and will have an equity interest in the company.

Andy Kadrich, the founder of Turf Masters, will lead the company as CEO. CenterOak’s investment will provide capital to support the growth of the newly formed entity. Terms of the transaction were not disclosed.

READ MORE: Andy appeared in our April 2021 issue as a profile story

Turf Masters Lawn Care Services provides recurring lawn, tree, and shrub care services to over 100,000 customers annually, helping homeowners maximize turf and soil health through fertilization, seeding, aeration, weed control and exterior pest programs. The company currently operates over 20 branches across 10 states and plans to grow organically and through add-on acquisitions.

“Turf Masters, All Turf, and Green Group are high performing, leading residential lawn businesses led by strong local management teams focused on best-in-class customer service,” said Jason Sutherland, co-managing partner of CenterOak. “CenterOak has a long history of partnering with talented teams to support rapid growth in highly fragmented industries. We look forward to expanding the Company’s customer base, increasing service offerings, and recruiting additional strong local market leaders to join our new platform.”

“We are excited to have CenterOak’s resources and experience supporting our family-owned business in this next phase of growth,” said Andy Kadrich, CEO and founder of Turf Masters. “With CenterOak’s support, we have an opportunity to scale quickly by investing in our existing markets and by acquiring passionate, talented and customer service-focused operators in the residential lawn services industry.”