Shoreline Equity Partners has officially acquired American Landscape Partners (ALP), marking a significant expansion of Shoreline’s portfolio. William Blair served as the exclusive financial advisor to ALP, a portfolio company of Cold Bore Capital, throughout this transaction, which was finalized on August 7, 2023. This acquisition highlights the continued growth and investment within the professional landscaping services sector.
American Landscape Partners, established in 2020, has rapidly become a leading platform in the lawn care and landscaping services industry. Operating across six branches, ALP delivers services to key markets including Nashville, Cleveland, Pittsburgh, and Florida. The company’s strategic growth is underpinned by a disciplined approach to Mergers and Acquisitions (M&A), enabling it to integrate leading local businesses renowned for their deep-rooted community presence and unwavering commitment to customer satisfaction and superior service quality. Annually, American Landscape Partners serves a robust and recurring customer base exceeding 5,000 residential and commercial clients.
Cold Bore Capital, the Chicago-based private equity firm from which Shoreline acquired ALP, focuses on fostering growth and strategic repositioning of micro-cap companies within high-potential, recession-resilient sectors. Cold Bore emphasizes partnerships between experienced management teams, veteran military personnel, and exceptional small business proprietors to cultivate enduring enterprises within healthcare, consumer services, and business services industries.
Shoreline Equity Partners, the acquirer, is a private equity firm concentrating on the lower middle market, actively engaging with high-caliber management teams. Shoreline operates under a total stakeholder model, aiming for mutually beneficial outcomes for shareholders, employees, customers, vendors, and the communities where their portfolio companies are based. With committed capital exceeding $750 million, Shoreline targets equity investments up to $150 million per transaction, seeking businesses with enterprise values between $50 million and $350 million and EBITDA ranging from $5 million to $25 million. Their investment focus spans specialized manufacturing, value-added distribution, and business and facility services sectors, among others.
This acquisition represents a strategic move for Shoreline Equity Partners, enhancing their presence in the business services sector and adding a high-growth platform in American Landscape Partners to their portfolio. For further insights into related transactions and industry expertise, please explore William Blair’s capabilities in consumer and retail and supply chain & commercial services investment banking.
