According to published reports, Florida-based Vila & Son is seeking a buyer or investor.
Vila, which ranked 14th on last year’s Lawn and Landscape Top 100 list, is heavily dependent on landscape construction and has been deeply affected by the downturn in construction in Florida. It had approximately $48 million in revenue in 2010.
Vila & Son is based in Homestead, Florida and has eight branches across the state. The Company has had a “chief restructuring officer” since March. The Company recently filed notice with a state agency that it may lay off all of it’s 641 employees in August.