ROCKVILLE, Md. - The Brickman Group, Ltd. LLC (Brickman), and ValleyCrest Companies, LLC (ValleyCrest), announced the closing of their merger, effective June 30, 214.
"This merger combines over 140 years of industry knowledge, innovation and experience," said Andrew Kerin, Chief Executive Officer of the combined company. "As one company, we plan to accelerate the growth of our business - providing greater opportunities for our team members and more customized solutions for our clients throughout the lifecycle of their projects - from design, to construction, to maintenance - across all seasons. We will build on our success by continuing to focus on supporting our teams, building deep relationships with our clients and delivering the high quality solutions they expect from us."
The new organization has approximate annual revenues of $2 billion with more than 20,000 team members nationwide who share a commitment to designing, building, and maintaining beautiful landscapes, says a release from the company.
"This is a significant day for our companies and an exciting time for the landscape and snow services industry," added Roger Zino, Vice Chairman of the combined company. "We are bringing together two family-founded organizations that share the same values and a passion for their people, the environment, quality service, and the profession of landscaping. This is an ideal match that will advance the landscape profession by bringing together a passionate community of the best trained and knowledgeable landscape professionals in the country."
The company will continue to maintain its primary locations in Rockville, Maryland, and Calabasas, California. Both Brickman and ValleyCrest brands will continue operating in the marketplace as the organizations come together. KKR has majority ownership of the combined company and MSD Capital retains a significant minority ownership interest.
KPMG LLP served as financial advisor to Brickman and Simpson Thacher & Bartlett LLP, Morgan Lewis & Bockius LLP and Dechert LLP served as legal counsel. For ValleyCrest, KPMG LLP performed accounting and tax work, Moelis & Company served as financial advisor, and Kaye Scholer LLP served as legal counsel.
About The Brickman Group
Founded in 1939, The Brickman Group, Ltd. is the leading provider of landscape maintenance and snow removal services in the U.S. Its landscape maintenance services include lawn care, flower planting and care, and tree and shrub pruning, among others. With nearly 10,000 employees nationwide, Brickman serves a diversified base of over 10,000 clients, including some of the most well-respected companies and institutions in the U.S. For more information about Brickman, please visit www.brickman.com
About ValleyCrest Companies
Founded in 1949, Calabasas, Calif.-based ValleyCrest Companies is the nation's largest integrated landscape services company with 11,200 employees and operations in more than 150 locations nationwide. ValleyCrest, which ranks on Forbes Magazine's list of America's 500 Largest Private Companies, is commissioned by developers, commercial real estate owners, public agencies, property managers and home builders to help create, build or maintain some of the world's extraordinary natural environments. For more information about ValleyCrest, please visit www.valleycrest.com