CALABASAS, Calif. – ValleyCrest Cos., a privately held national landscape and horticultural services company based in Calabasas, Calif., signed an agreement on Friday, August 20, 2004, to purchase the landscape assets of Omni Facility Services. Omni Facility Services filed for Chapter 11 bankruptcy protection on June 9, 2004. The Omni Landscape Group, which employs 640 people, has annual revenue of approximately $50 million.
“We are very excited about the people of Omni Landscape Group joining the ValleyCrest family and look forward to welcoming them to ValleyCrest,” says ValleyCrest President Richard Sperber. This acquisition will help us continue to grow and develop our landscape maintenance business, strengthen our position in several east coast markets and deepen our penetration in Atlanta and the Mid-Atlantic region. We look forward to working with the people of Omni and serving their customers for years to come.”
Omni Landscape Group provides landscape services in the Atlanta area, the greater Washington D.C. area, the Philadelphia area, Destin, Fla., and Birmingham, Ala. During the late 1990s, Omni Landscape Group acquired former landscape companies Morrell Group in Atlanta, Ga.; Heyser Landscaping of Norristown, Pa.; and Spring Gardens in Maryland.
The acquisition will go through the process and approval required by the U.S. Bankruptcy Court. If approved, the deal is expected to close within 45 days.
Prior acquisitions by ValleyCrest Cos. include the purchase of The Impact Group, Delray Beach, Fla. in 2003; the landscape construction operations of TruGreen LandCare, a division of ServiceMaster, in 2001; and North Haven Gardens, Dallas, Texas and STM Landscape Services, Oakton, Va. in 2000.
Founded in 1949, ValleyCrest Cos. is a leading provider of landscape development and maintenance services, and a major supplier of trees. ValleyCrest Cos. has been awarded some of the most prestigious landscape projects in the country, including the Gardens at The Getty Center, the Bellagio Hotel, Green Valley Station Ranch & Casino, Disney’s Animal Kingdom, Invesco Field at Mile High Stadium, Pelican Hill Golf Club and hundreds of master-planned communities, resorts, theme parks, golf courses, shopping malls, corporate facilities, private estates, and urban parks throughout the U.S.