According to published reports, David J. Frank Landscape Contracting, Inc. is partnering with Lied’s Nursery Co. to form a residential landscape division. Lieds-Frank Residential Landscapes began operating this month as a division of Germantown-based David J. Frank Landscape Contracting.
David J. Frank is the largest landscaping contractor firm in Wisconsin, with locations in Milwaukee, Madison, Brookfield, Glendale and the Fox Valley, and an office that serves Racine and Kenosha, in addition to its Germantown headquarters. The company has added about 30 Lied’s employees and has grown to 300 employees as a result.
While the structure and terms of the transaction have not been disclosed, the Milwaukee Journal Sentinel reported that Lied’s had experienced financial trouble as a result of the economy in recent years, including the results of overproducing nursery stock for the market. That trouble culminated in a foreclosure action last month involving four of Lied’s properties .
Lied’s ranked 120th on the Landscape Management 150 in 2011 with $10.75 million in revenue. David J. Frank ranked 60th in 2011 with $19.8 million im revenue and 73rd in 2012 with $17.8 million in revenue.