From Pulse 2.0 · Amit Chowdhry · · 1m 10s
TruGreen Acquires New Ownership
Birch Hill Equity Partners ends TruGreen's 19-year partnership with CD&R, accelerating growth in North American lawn care.
In brief
Birch Hill Equity Partners ends TruGreen's 19-year partnership with CD&R, accelerating growth in North American lawn care. TruGreen, with 300+ locations and 12,000 employees, transitions to Birch Hill Equity Partners for faster growth in lawn care. Originally reported by Pulse 2.0.
Acquisition Announcement
TruGreen, a Franklin, Tennessee-based lawn care services provider, has been acquired by Canadian private equity firm Birch Hill Equity Partners.
19-Year Partnership Ends
The acquisition concludes TruGreen’s 19-year relationship with Clayton, Dubilier & Rice (CD&R).
TruGreen's Scale
Founded in 1973, TruGreen operates more than 300 locations across the United States and Canada and employs more than 12,000 people.
Service Offerings
The company provides lawn care, tree and shrub maintenance, and pest services to residential and commercial customers.
Birch Hill's Experience
Birch Hill brings experience investing in and operating route-based service businesses, a model that aligns with TruGreen’s extensive network.
New Ownership Strategy
Under its new ownership, TruGreen plans to continue executing its long-term strategy, emphasizing customer satisfaction, operational excellence, and sustainable growth.
Key Quotes
Kurt Kane, TruGreen’s CEO, credited CD&R for helping develop its long-term growth strategy and expressed confidence in Birch Hill as the next investment partner.
“This is an exciting day for TruGreen and an important milestone in our company’s journey. We are confident that Birch Hill is going to be a great partner who helps us build from our strong foundation to achieve new heights. With our shared belief in our vision of becoming the best, fastest-growing and most valuable lawn care company in the world, it is clear the best days for TruGreen are still ahead.”
What to remember
TruGreen, with 300+ locations and 12,000 employees, transitions to Birch Hill Equity Partners for faster growth in lawn care.
