AP NEWS

BrightView Acquires Benchmark Landscapes, LLC

February 7, 2019

PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--Feb 7, 2019--BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the nation’s leading commercial landscaping services company, today announced the acquisition of Benchmark Landscapes, LLC, a commercial landscaping company headquartered in Austin, Texas. Terms of the transaction were not disclosed.

Benchmark was founded in 2002 and today is a leading provider of commercial landscaping services in Texas, including landscape maintenance, design, installation, hardscapes, irrigation and tree care. Benchmark’s 240 employees cover a service area from Austin to San Antonio, inclusive of the San Marcos and New Braunfels areas, and Corpus Christi. The company operates six branches in four markets.

“With the acquisition of Benchmark, we expand our footprint in one of the country’s fastest-growing markets and bring passionate and skilled team members into the BrightView family,” said BrightView President and Chief Executive Officer Andrew Masterman. “This transaction further strengthens our position in Texas and supports our ‘strong-on-strong’ acquisition strategy.”

Benchmark founder and owner Casey Vickrey agreed that Benchmark represents a good fit for BrightView’s expanding portfolio. “I am proud of the business and relationships our team at Benchmark has built. We are excited to join the BrightView team and continue to grow the business, strengthen relationships and make new ones, all while taking care of the team that has been instrumental to making us who we are,” he said.

K&L Gates LLP served as legal advisor to BrightView; Shepherd Law LLC served as legal advisor to Benchmark.

About BrightView

BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 20,000 employees, BrightView provides services ranging from landscape maintenance and enhancements to tree care and landscape development for thousands of customers’ properties, including corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses, among others.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005770/en/

CONTACT: MEDIA CONTACT:

Fred Jacobs, VP of Communications & Public Affairs

484.567.7244

Fred.Jacobs@BrightView.comINVESTOR RELATIONS CONTACT:

Daniel Schleiniger, VP of Investor Relations

484.567.7148

Daniel.Schleiniger@BrightView.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LANDSCAPE FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: BrightView Landscapes

Copyright Business Wire 2019.

PUB: 02/07/2019 04:30 PM/DISC: 02/07/2019 04:30 PM

http://www.businesswire.com/news/home/20190207005770/en

AP RADIO
Update hourly