BrightView Holdings, Inc. - BV STOCK NEWS

BrightView (NYSE: BV), a top commercial landscaping services company, has acquired Island Plant Company, a leading resort and condominium landscaping firm in Maui, Hawaii. The transaction details remain undisclosed. Established in 1986, Island Plant Company specializes in landscape maintenance and design services across Maui's premier properties. This acquisition aligns with BrightView's growth strategy in Hawaii, following previous acquisitions in the region. Andrew Masterman, BrightView's CEO, emphasized the acquisition's strategic importance in expanding their market presence and enhancing operational capabilities. The merger is expected to leverage Island Plant's local expertise.

BrightView (NYSE: BV), the leading commercial landscaping services company in the U.S., has acquired Smith’s Tree Care, Inc., a tree care service provider based in Newport News, Va. Although the terms of the transaction remain undisclosed, this acquisition is expected to enhance BrightView’s tree care services in the Hampton Roads market. BrightView’s President and CEO, Andrew Masterman, emphasized that this acquisition aligns with their strong merger and acquisition strategy. Smith’s Tree Care has established itself as a top service provider in the region, supplying various tree care services since 2005. The move aims to bolster service quality and market presence.

BrightView Holdings, Inc. (NYSE: BV) will host its first quarter fiscal year 2023 earnings conference call on February 7, 2023, at 10 a.m. EST. A press release detailing the Company’s results will be issued prior to the call. Participants can join via telephone, with U.S. dial-in at (844) 200-6205 and international dial-in at (929) 526-1599. The call will be recorded and available for replay until February 14, 2023. The earnings presentation and live webcast will be accessible on the Company's investor website. BrightView is the largest commercial landscaper in the U.S., providing comprehensive landscaping and snow removal services.

BrightView reported record total revenue of $723.4 million for Q4 FY 2022, a 7.4% increase year-over-year, with organic growth of 3.4%. However, net income decreased to $15.3 million, down 42.9% from $26.8 million in the previous year. Adjusted EBITDA rose slightly to $91.3 million, and EPS fell to $0.16 from $0.26. For Q1 FY 2023, guidance projects total revenue of $610 - $640 million and adjusted EBITDA of $38 - $44 million, supported by maintenance and development organic growth.

BrightView (NYSE: BV), the leading commercial landscaping services company in the U.S., has announced the acquisition of Apex Land Group, a full-service landscaping firm based in Myrtle Beach, S.C. This acquisition aims to enhance BrightView's presence in the region and supports its long-term growth strategy. Apex, founded in 2019, specializes in commercial landscape management and irrigation. BrightView's President and CEO, Andrew Masterman, emphasized that this move strengthens their market position and service offerings.

BrightView (NYSE: BV) has rebranded its snow and ice management services as BrightView Snow Services, enhancing its market position as a leading provider in the commercial snow removal sector. This strategic move follows recent acquisitions, including TDE Group and Winter Services, which bolster its operational capabilities. The new brand aims to emphasize BrightView's expertise and leadership in winter services, ensuring minimal disruption for businesses during inclement weather. BrightView prioritizes effective snow management with advanced equipment and tailored solutions for clients.

BrightView Holdings, Inc. (NYSE: BV) will host its fourth quarter and fiscal year 2022 earnings conference call on November 17, 2022, at 10 a.m. EST. A press release detailing the financial results will be released before the call. Interested parties can join via dial-in numbers provided or by accessing the webcast on the company's investor website. The call will feature executives including President and CEO Andrew Masterman and CFO Brett Urban, and it will be recorded for replay until November 24, 2022.

Protos Security has appointed Mark Hjelle as its new Chief Executive Officer, effective immediately. Hjelle, with nearly 25 years of experience leading private equity-backed firms, aims to enhance Protos' growth trajectory and strengthen its technology-enabled security services. His previous roles include CEO of CSC ServiceWorks and President of Brickman/Valleycrest, showcasing his ability to drive significant revenue growth. The appointment reflects Southfield Capital's commitment to investing in Protos' success and expanding its national managed services platform.

BrightView (NYSE: BV) strengthens its commitment to sustainability by adding 250 hybrid vehicles to its fleet, reaching nearly 700 by year-end 2023. This initiative aligns with its four-year plan to transition its fleet of 3,000 vehicles to more eco-friendly options. CEO Andrew Masterman emphasizes the company’s dedication to minimizing environmental impact through sustainable practices. BrightView's ongoing efforts, including previous additions of 100 Chevrolet Bolt EUVs, demonstrate a robust strategy toward achieving carbon neutrality.