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Westhook Capital Announces Investment in Metco Landscape

September 18, 2018

DENVER--(BUSINESS WIRE)--Sep 18, 2018--Westhook Capital (“Westhook”), a Los Angeles-based private equity firm focused exclusively on the lower middle market, today announced it has made an investment in Metco Landscape (“Metco”), a leading provider of landscaping installation and maintenance services in Colorado. The Company will continue to be led by Mark Tomko, who will remain in his position as CEO immediately following the Transaction. Metco ranks #28 in Lawn & Landscape Magazine’s Top 100. Its services include the design, installation and maintenance of commercial landscape across the Front Range of Colorado. The Company operates out of its headquarters in Aurora, CO with two additional branches around Denver and one in Colorado Springs.

Mark Tomko, founder and CEO of Metco, said “We are very proud of our team and what we have built at Metco. We are excited to partner with Westhook, who we know shares our dedication to continuing to build an industry leading landscape business by combining relentless focus on customer satisfaction and providing value to all our customers and team members.”

“We are very excited about partnering with founder and CEO Mark Tomko and the team at Metco Landscape to build on the impressive platform that they have built,” said Michael Hooks, Managing Partner of Westhook Capital. “This is a highly attractive industry and we look forward to supporting the Company’s next phase of growth initiatives, including strategic acquisitions. The Metco team has demonstrated a deep understanding of the business, detailed knowledge of the market, and strong relationships with its customers and suppliers. Also, we appreciate the critical role that Ceibass Venture Partners and Tom Fochtman played in bringing the parties together and facilitating the transaction.”

Westhook recently announced the closing of its inaugural fund, Westhook Capital Partners, L.P., with $140 million in commitments. The fund focuses on buyouts of U.S. based lower middle market companies within the consumer, industrial, business services and healthcare services sectors.

Ceibass Venture Partners LLC served as financial advisor to Metco.

About Metco Landscape

Mark Tomko founded Metco in 1987 with a few lawnmowers and a mission to build lasting relationships through quality landscaping services. Today, Metco’s offices and scope of work extends across the Front Range of Colorado and Metco ranks #28 on Lawn & Landscape Magazine’s Top 100 list of national landscapers. Metco’s services include commercial landscape, homebuilder services, maintenance, and custom design and installation.

For more information, please visit www.metcolandscape.com.

About Westhook Capital

Westhook Capital is a private equity firm founded by professionals with over 40 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles. Westhook is targeting 5 - 6 platform investments for the fund and is focused on companies in the consumer, industrial, business services, and healthcare services segments with greater than $3 million of EBITDA. Westhook invests in control buyouts, management buyouts, and recapitalizations. Westhook is experienced and comfortable with founder-owned companies, founder transitions, secondary buyouts, and corporate divestitures. For more information, please visit www.westhook.com.

To discuss investment opportunities, please contact Nate Chandra at nchandra@westhook.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005254/en/

CONTACT: For Westhook Capital:

Michael Hooks

Managing Partner

310-984-6582

mhooks@westhook.com

or

For Metco Landscape:

Mark Tomko

CEO

303-421-3100

mark@metcolandscape.com

KEYWORD: UNITED STATES NORTH AMERICA COLORADO

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LANDSCAPE FINANCE CONSTRUCTION & PROPERTY

SOURCE: Westhook Capital

Copyright Business Wire 2018.

PUB: 09/18/2018 09:00 AM/DISC: 09/18/2018 09:01 AM

http://www.businesswire.com/news/home/20180918005254/en

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