LOS ANGELES, MAY 18, 2015 – One Rock Capital Partners, LLC (One Rock) announced today that it has formed Monarch Landscape Holdings, LLC (Monarch) to pursue a regional consolidation of landscape services companies in the Western United States. On May 1, 2015, Monarch acquired the assets of Signature Landscape Services, Inc. (Signature), in partnership with Monarch’s CEO Brian Helgoe and Signature’s General Manager William Bailey. Financial terms of the transaction were not disclosed. CCG Advisors, an Atlanta-based investment banking firm, advised the sellers on the transaction.
Founded in 2001 and headquartered in Redmond, WA, Signature is a leading provider of commercial landscaping services in the Seattle metropolitan area. Operating out of three branches with over 180 employees and a fleet of 72 vehicles, Signature maintains over 500 properties, including commercial, homeowners’ association, multi-family, industrial and municipal clients.
One Rock Managing Partner Tony W. Lee said: “Monarch represents an opportunity for One Rock to invest in a highly fragmented industry with attractive dynamics and growth opportunities. We are excited about the investment and are actively seeking acquisition opportunities in Washington, Oregon and California as part of our strategy.”
One Rock Partner Kimberly D. Reed added: “Signature’s management team has built a strong platform and reputation in the landscaping services industry. We look forward to working with Mr. Bailey as we continue to grow the business. In addition, Mr. Helgoe brings a wealth of landscaping knowledge to Monarch and a proven ability to generate organic growth while improving margins.”
Mr. Helgoe is an experienced operator and executive in the commercial landscape services industry. Mr. Helgoe has over 20 years of landscape experience, most recently as a Senior Vice President with ValleyCrest Companies. Mr. Helgoe said: “The Signature team saw our vision of building the premiere West Coast landscape services company, and we are excited to work with them to focus on better serving our customers and creating opportunities for our employees through growth.”
Signature’s General Manager William Bailey commented: “Over the past 14 years Signature has built a team of professionals whose service to the industry and to our customers has created real value. We have found in One Rock a team that appreciates people, which is key to our continued success. We are excited to have their guidance and perspective as we enter this next chapter of growth and development.”
Brian Corbett, Managing Partner at CCG Advisors, said: “We are very excited to have led this transaction for the owners of Signature, and we are pleased to be working with One Rock on their initial investment into the commercial landscape industry. The sale provides an exit strategy for several retiring shareholders and a new chapter for Will Bailey and the team at Signature, while launching a very experienced and well-funded acquirer in our favorite industry.”
Founded in 2001 and headquartered in Redmond, WA, Signature is a commercial landscape maintenance provider that serves commercial, homeowners’ association, multifamily, industrial and municipal clients throughout the Puget Sound region of Washington. Signature provides a range of landscape services including: landscape maintenance, irrigation audits and maintenance, specialized flower installation, light construction, wetland mitigation, and an effective sustainable horticulture program. Operating out of 3 branches with over 180 employees and a fleet of 72 vehicles, the Company maintains over 500 properties through the Seattle metropolitan area. For more information, visit www.signaturels.com.
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and enhancing its profitability to enhance long-term value. One Rock also has a unique strategic relationship with Mitsubishi Corporation, which can provide strategic resources to One Rock and its portfolio companies, including access to potential new business partners, market intelligence, and low cost sourcing through increased purchasing power globally.
CCG Advisors is an Atlanta-based investment banking firm that specializes in representing the owners of successful privately-held companies in transactions that maximize value while providing shareholder liquidity and exit strategies. Over the last eighteen years, CCG has successfully completed more transactions in the commercial landscape industry than any other advisor. For more detailed information on CCG Advisors, visit www.ccgadv.com.
Monarch Landscape Holdings: Brian Helgoe at (310) 890-0563
One Rock Capital Partners: (212) 605-6000