LITTLETON, Colo. – The RBI Companies expanded its geographic reach with the acquisitions of Richway Landscaping in the Houston, Texas, area and Jack’s Nursery, New Orleans, La. RBI, No. 8 on the Lawn & Landscape Top 100 list last year with revenue nearing $70 million, now has 13 offices in nine major metropolitan areas.
Richway landscape had revenue of about $3 million last year, primarily from landscape maintenance work. Jack’s Nursery (No. 86 on the Top 100 list) had annual sales nearing $10 million and did a mix of golf course, landscape design/build and maintenance work.
The acquisitions help RBI bolster its already diverse mix of services. “Richway Landscaping has had great success in the maintenance business and has enjoyed many high profile corporate relationships,” explained Jody Randall, vice president of internal operations for RBI. “RBI will be developing the landscape construction team in Houston and projects having profit centers for heavy construction and reclamation within five years.”
Chuck Rich, former owner of Richway, will oversee landscape construction and maintenance operations in the area. “We can now offer our clients a larger scope of services that we were unable to provide before,” he said. “It’s very exciting.”
RBI sees Jack’s Nursery as a way to expand its geographic market since Jack’s was handling projects in Louisiana, Tennessee, Mississippi, North Carolina and Indiana. RBI previously only had offices in Colorado, California, Texas and Utah. In addition, RBI will expand the range of services offered by Jack’s Nursery to include site development, heavy construction, reclamation, erosion control and sport facility design and construction.
“The decision to join a national and diversified contractor like RBI was an important aspect in Jack’s development strategy,” noted Joseph Rotolo, president, Jack’s Nursery.
Meanwhile, RBI expects to continue making strategic acquisitions. “We’re excited about the addition of Jack’s and Richway to the RBI team,” stated Rick Randall, RBI president. “RBI has a clearly defined growth plan and we’re being judicious in our selection of companies to join us.”
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