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BrightView Holdings, Inc. (NYSE: BV) has acquired NatureScape LLC, enhancing its commercial landscaping services and expanding its market presence in Maricopa County, Arizona. The terms of the acquisition were not disclosed. BrightView's President, Andrew Masterman, emphasized the alignment of values between the two companies, while NatureScape's owner, Brian Smith, highlighted the increased opportunities for employees and improved client services. BrightView remains the largest commercial landscaping provider in the U.S., employing approximately 20,000 team members nationwide.
Positive
Acquisition of NatureScape expands BrightView's market presence in Maricopa County.
Enhanced service offerings through NatureScape's expertise in landscape maintenance and development.
Potential synergy and resource sharing to improve client service and operational efficiency.
Negative
Integration challenges may arise from the acquisition.
Risks related to achieving anticipated revenue growth and operational synergies.
BLUE BELL, Pa.--(BUSINESS WIRE)--
BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of NatureScape LLC, a landscape maintenance and development company headquartered in Phoenix, Ariz. Terms of the transaction were not disclosed.
“With the addition of NatureScape we expand our reach in Maricopa County, a key evergreen market,” said BrightView President and Chief Executive Officer Andrew Masterman. “NatureScape’s commitment to client service, quality execution and safety mirrors ours and we couldn’t be more pleased to welcome this exceptional team to the BrightView family.”
NatureScape is the premiere, full-service commercial landscape company serving clients across the Valley of the Sun. The company has 110 team members, including experts in grounds maintenance, irrigation management, landscape installation and arbor care. NatureScape clients include homeowners’ associations, property managers and commercial sites.
“With this transaction, I believe BrightView got stronger, and I know NatureScape employees now have opportunities that are greater than we could have given them yesterday,” said NatureScape owner Brian Smith. “Our clients are also big winners. The resources and systems BrightView brings to the table will only enhance the quality and relationships we have been able to build.”
About BrightView
BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 20,000 employees, BrightView provides services ranging from landscape maintenance and enhancements to tree care and landscape development for thousands of customers’ properties, including corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses, among others. BrightView is the Official Field Consultant to Major League Baseball.
Forward-Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding results of operations from companies we acquire and other financial and operating information. You can identify these forward-looking statements by the use of words such as “believes,” “guidance,” “target,” “expects,” “potential,” “continues,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and factors, including the following: BrightView may not be able to achieve the anticipated benefits of the acquisition transaction, including revenue, growth and synergistic opportunities; BrightView may be unable to successfully implement integration strategies; results of operations may be lower than expected; operating costs, customer loss, and business disruption may be greater than expected; and BrightView may assume unexpected risks and liabilities. Additional factors that could cause BrightView’s results to differ materially from those described in the forward-looking statements can be found under “Item 1A. Risk Factors” in our Form 10-K for the fiscal year ended September 30, 2021, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. Any forward-looking statement made in this press release speaks only as of the date on which it was made. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
