TruArc Partners acquires Schill Grounds Management

TruArc Partners, a private equity firm focused on middle-market investments in business services and specialty manufacturing, has acquired Schill Grounds Management from Argonne Capital Group. Terms of the transaction were not disclosed.

Founded in 1993 and based in Cleveland, Schill has grown into one of the largest commercial landscaping providers in the upper Midwest and Mid-Atlantic regions, serving a diversified base of property managers, homeowners associations and commercial clients. Schill offers a comprehensive suite of landscape maintenance, enhancement and hardscaping offerings across Ohio, Kentucky, Pennsylvania, Illinois, Indiana, Michigan, and Ontario. 

The company ranks No. 30 on Lawn & Landscape's Top 100 list.

TruArc Partners has prior experience in the commercial services space and will work with Schill’s leadership team to accelerate the company’s organic growth, pursue add-on acquisitions and expand its customer footprint beyond the Midwest. Founder Jerry Schill will continue in his role as CEO of the company.

“TruArc’s experience supporting essential services businesses, together with their collaborative approach, aligns well with our culture and objectives and make them an ideal partner for Schill as we embark on this next phase of our evolution,” says Jerry Schill. “I am thrilled to be partnering with them and look forward to taking advantage of the growth opportunities we see across our business.”

“Schill has built a trusted and respected brand with commercial clients across the Midwest and Mid-Atlantic,” says Brandon Kiss, Partner at TruArc Partners. “We are excited to partner with the Schill team to support the Company’s next phase of growth as it seeks to expand its footprint and service capabilities.”

William Blair & Company and Citizens Capital Markets & Advisory served as financial advisors to TruArc Partners. Solomon Partners served as financial advisor to Schill. Weil Gotshal & Manges LLP acted as legal counsel to TruArc Partners.