American Landscaping Partners (ALP), a leading platform in the lawn care and landscaping service industry, has been successfully acquired by Shoreline Equity Partners. William Blair served as the exclusive financial advisor to ALP, a portfolio company of Cold Bore Capital, throughout this significant transaction, which officially closed on August 7, 2023. This acquisition marks a pivotal moment for American Landscaping Partners as it sets the stage for continued growth and expansion in the competitive landscaping market.
About American Landscaping Partners: A Platform for Growth
Founded in 2020, American Landscaping Partners has rapidly established itself as a premier provider of lawn care and landscaping services. Operating across six strategic locations including Nashville, Cleveland, Pittsburgh, and key markets in Florida, ALP delivers exceptional service to a diverse customer base. The company’s success is built on a foundation of strategic Mergers and Acquisitions (M&A), integrating leading local landscaping operators who bring years of local expertise and a shared commitment to superior customer service and quality workmanship. Annually, American Landscaping Partners caters to over 5,000 residential and commercial clients, demonstrating the strong demand for its reliable and high-quality services.
Cold Bore Capital: Fostering Growth and Value Creation
Prior to the acquisition by Shoreline, American Landscaping Partners was a valued portfolio company of Cold Bore Capital. Based in Chicago, Cold Bore Capital is a private equity firm known for its expertise in nurturing and scaling micro-cap companies within high-growth, recession-resistant sectors. Cold Bore’s strategy focuses on partnering experienced management teams and accomplished veterans with promising small business owners. Their investment approach is geared towards building sustainable companies across healthcare, consumer services, and business services industries, making American Landscaping Partners a strong fit within their portfolio.
Shoreline Equity Partners: Investing in Long-Term Partnerships
Shoreline Equity Partners, the acquirer of American Landscaping Partners, is a private equity firm focused on the lower middle market. Shoreline distinguishes itself through its commitment to actively engaging with management teams and fostering a “total stakeholder model.” This philosophy emphasizes creating mutually beneficial outcomes for all stakeholders, including shareholders, employees, customers, vendors, and the communities where their portfolio companies operate. With a substantial capital base exceeding $750 million, Shoreline seeks to make significant equity investments, targeting businesses with enterprise values between $50 million and $350 million. Their investment interests span across specialized manufacturing, value-added distribution, and business and facility services, indicating a strategic alignment with the service-oriented nature of American Landscaping Partners.
William Blair’s Expertise in Consumer and Commercial Services
William Blair played a crucial role as the exclusive financial advisor in this transaction, underscoring their deep sector knowledge and M&A advisory capabilities. Their involvement highlights their expertise within both the consumer and retail sectors, as well as the supply chain and commercial services industries. This successful acquisition further solidifies William Blair’s position as a leading advisor in the landscaping services market and related industries.
Learn more about William Blair’s expertise in consumer and retail investment banking and supply chain & commercial services.
