At Closing, Respected Leader Vaults to New Level in the Pest Management and Lawn Services Industry
ORLANDO, Fla.–(BUSINESS WIRE)–Harvey L. Massey, Chairman and CEO of Massey Services, Inc. is pleased to announce it has reached a definitive agreement to purchase Sunair Services Corporation (SNR-AMEX) including its subsidiary, Middleton Lawn & Pest Control, Inc. Massey Services is [...]
Entries from September 2009
Massey to Purchase Sunair Services
September 29th, 2009 · No Comments
Tags: Uncategorized
Altum Family to Sell Garden Center Property to a Developer
September 29th, 2009 · No Comments
From Today’s Garden Center
The Altum family is in talks to sell the garden center/landscape company’s 23 acres to a developer that had approached them to build a strip mall on the property.
The property was not “on the market,” but the time was right to sell, says President Dana Altum. The garden center is located outside of Indianapolis. The developer wants [...]
Tags: Industry Press
Sunair Announces Proposed Merger with Massey Services
September 29th, 2009 · No Comments
DEERFIELD BEACH, Fla., Sept. 29 /PRNewswire-FirstCall/ — Sunair Services Corporation (AMEX: SNR) today announced that it has entered into a definitive merger agreement with Massey Services, Inc. pursuant to which Massey would acquire all of the outstanding common stock of Sunair in an all-cash transaction valued at $2.75 per share, which represents a premium of [...]
Tags: Industry Press
The Thaw Begins
September 11th, 2009 · No Comments
It seems undeniable that the economy is working its way out of the recession.
Stronger players are looking for acquisitions while definitely focusing on fundamentals and looking for good deals.
Survivors are beginning to think that the Great Recession wasn’t quite as bad as they feared and definitely nothing like the Great Depression.
The Feds most recent “Beige [...]
Tags: Industry Press
Investment in Lawn Dawg Signals Continued Private Equity Interest in the Industry
September 11th, 2009 · No Comments
One transaction of note announced recently was the acquisition of a 70% stake in Lawn Dawg, Inc. of Nashua, NH by Brighton Partners. Lawn Dawg, with branches in Litchfield, NH, Albany, NY, Woburn, MA and Portland, ME, is a regional lawn care company.
Although private equity is heavily committed to the green industry through large ownership [...]
Tags: Industry Press
Selling a Franchised Business
September 11th, 2009 · No Comments
Franchised businesses are very common in various aspects of the Green Industry, ranging from some of the biggest players in the industry to newer start-up franchises. Such names as Lawn Doctor, US Lawns, Weed Man and many others come to mind, in addition to franchise affiliates of large industry players like TruGreen and Scotts Lawn [...]
Tags: Selling Your Business
New SBA Loan Guidelines: Goodwill is OK
September 9th, 2009 · No Comments
The Small Business Administration has issued its new guidance on business acquisition loans and the news is pretty good for both buyers and sellers.
The new guidance in effect rescinds much more restrictive guidance issued in early 2009 that had raised widespread confusion and concern in the minds of borrowers, lenders, intermediaries and small business advocates.
Under [...]
Tags: Growing Your Business with Acquisitions · Selling Your Business
ScottsMiracle-Gro Expands Operating Footprint in Ohio with the Addition of Three Facilities to Accommodate Future Growth
September 8th, 2009 · No Comments
MARYSVILLE, Ohio, Sept. 8 /PRNewswire-FirstCall/ — The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden products, announced today with Ohio Gov. Ted Strickland that it is growing its 1,500-associate Marysville campus. The Company is expanding its existing manufacturing plant and recently broke ground on a new office building [...]
Tags: Industry Press
Orkin Acquires Chicago’s Tech-1
September 1st, 2009 · No Comments
From Pest Control Technology – ATLANTA – Orkin, Inc., added employees and customers with the acquisition of Tech-1 Pest Control, Inc. in Chicago.
Founded in 1898, Tech-1 Pest Control is currently run by the third generation of the Kaufman family. Brothers Don, Scott and Gary Kaufman have been with the company 20 years and their technicians [...]
Tags: Industry Press