Real Estate Available
"GreenPro" represents a special opportunity to partner with an exceptional outsourced landscaping, planning and maintenance executive team. They seek a financial partner or strategic buyer who supports taking what they’ve built and growing it aggressively in the Southeast through acquisition and “greenfield” initiatives. Management excels at analyzing and sharing Company job data with field supervisors so they can better manage existing work and more profitably select and price future jobs. By offering many services, Greenpro customers limit their supplier base and get excellent landscape outcomes. Division leaders know how they are doing and develop plans to get back on track if any division isn't hitting its numbers.
Greenpro is not good for search funds looking to take over and run the company. The owner expects to stay and run it the next 5-7 years. Greenpro is an excellent opportunity for funded private equity groups who excel at roll-up strategies and supporting management as they grow and improve their companies. The owner is a bright, high-quality manager and you’ll want him as your partner.
The seller will roll proceeds that equate to a future 20-30% equity position in the recapitalized company going forward. The seller prefers that Greenpro is the platform, but will review strategic acquisition opportunities where he can also retain or roll some equity going forward. He seeks an active operating partner who will roll up their sleeves and support acquisitions, and he desires to enhance technology to help the company continue to lower costs and increase margins.
The Company leases its facilities from an unrelated third party. They have sufficient space to grow in their existing market and would look to acquire firms to integrate into their current facilities, as well as acquire operators in new markets with a similar facility profile.
Market Outlook / Competition
The Company boasts exceptional annual growth both organically and through acquisition since inception. They predict continued conservative organic growth of 10-12% for the next three years, with additional larger increases some years due to acquisitions. They deliver a unique value proposition to commercial customers, home owners and new home developers. Each customer type requires a different value proposition and the Company is exceptional at responding to needs that competitors fail to see.
The commercial, residential and new-install landscaping market is highly fragmented with players offering all kinds of value propositions: Low cost, high service, multi-service, single service, design-build, etc. Greenpro competes against 4-6 high-end service providers, each with their own unique selling premise. The Company’s consistent growth and future prospects validate their ability to win their fair share of business from competitors.