Terracare Associates (“TCA”) has announced the acquisition of Landscape Management Services (“LMS”), based in San Jose, California. The transaction closed on April 30 and is a strategic extension of current TCA operations in Northern California.
“This transaction is a terrific opportunity for our organization to grow along the peninsula and we couldn’t be more pleased to partner with the strong ownership and management team currently in place at LMS”, said Dean Murphy, president of TCA. “The team at LMS has built a portfolio of quality-minded clients and we will certainly work together with the LMS staff to meet and exceed their expectations going forward.”
“I feel fortunate to have found a partner like TCA who will continue to support the growth of LMS and its employees well into the future,” said George Kaiser, owner and founder of LMS. “The process was straight forward and I’m pleased to partner with TCA and our shared values for operating with respect, integrity, and with concern for our communities and the environment.”
TCA is based in Littleton, Colorado and has approximately 850 employees in four states. It currently operates in multiple California locations including Sacramento, Martinez, Brentwood, Livermore, Milpitas and San Diego. In addition, the company has operations in Salt Lake City, Dallas/Ft. Worth and Denver.
LMS has approximately 100 employees, and all will be staying on following the transition.