Facilitates Merger of Lipinski Outdoor Services and R.E.I.T/M&H Services

Editor’s Note:

We received this press release from L2 Capital announcing the launch of its new commercial landscaping and snow removal platformWe believe that the emergence of an additional private equity-backed platform in the green industry is a very positive development.

RADNOR, PENNSYLVANIA – SEPTEMBER 6, 2011 – L2 Capital announced that it has facilitated the merger of Lipinski Outdoor Services and R.E.I.T./M&H Services.  Terms of the deal were not disclosed.  Lipinski is the third largest snow removal company in the United States and a large regional participant in the commercial landscaping sector. R.E.I.T./M&H Services provides these as well as demolition and construction-­related services.

Bob Levine, Managing Partner of L2 Capital, said, “We are very excited to enter the exterior facilities management business with such a strong initial platform investment. Lipinski and R.E.I.T./M&H Services have been growing over the past few years, in terms of both geographic reach and services offered. We look forward to supporting continued future growth through internal initiatives and add-­on acquisitions.”

Vince Willis, Chairman of Lipinski Services, LLC, added, “I’m very proud to be joining Doug Cook, President of Lipinski, and all the owners of R.E.I.T./M&H services as investors in this new endeavor. Together with L2 Capital, we look forward to growing the combined companies by providing an expanded array of services over a larger geographic footprint to existing and new customers, all at competitive prices.”

M & T Bank provided the senior debt financing. Midwest Mezzanine Funds provided the mezzanine debt and co-­‐invested alongside L2 Capital in the transaction.

 L2 Capital Partners (www.L2Capital.net) is a lower middle market investment firm focused on privately-­‐owned manufacturing, service and distribution companies with revenues of $10 million to $75 million.

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