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BrightView Holdings, Inc. (NYSE: BV) is the United States' leading commercial landscaping services provider. With over 20,000 dedicated team members, BrightView offers a comprehensive suite of landscaping and snow services, ensuring high-quality, dependable solutions for thousands of clients nationwide.
From initial design to ongoing maintenance and enhancements, BrightView serves the entire lifecycle of a property’s landscape. The company operates through two primary segments: Maintenance Services and Development Services. Maintenance Services, which generate the majority of the company's revenue, are self-performed through a national branch network and are route-based, providing consistent, reliable care. Development Services focus on the sophisticated design, coordination, and installation of landscapes at high-profile corporate, athletic, and university complexes.
Since its formation in 2014, through the merger of Brickman and ValleyCrest, BrightView has been a trusted partner across various industries, including housing communities, corporate campuses, healthcare facilities, universities, retail establishments, and resorts. The company prides itself on fostering collaborative relationships with clients to drive mutual success.
BrightView is committed to delivering exceptional landscapes through its extensive capabilities, making it a single-source solution for landscape needs. The company's recent projects and achievements underscore its dedication to quality and client satisfaction.
- Recent News: BrightView recently sold U.S. Lawns, a franchised provider of commercial landscaping and snow removal services, to EverSmith Brands. This strategic move allows BrightView to focus more on its core operations while U.S. Lawns continues to grow under new ownership.
BrightView remains dedicated to innovative growth and excellence in the landscaping industry, leveraging its comprehensive services and experienced team to meet and exceed client expectations.
BrightView celebrates Arbor Day's 150th anniversary by partnering with the Arbor Day Foundation to plant 300,000 trees across the U.S. by March 2023. This initiative aims to restore ecosystems impacted by wildfire, deforestation, and invasive species, spanning nine states. BrightView plans to complement the efforts with over 80,000 trees and various plants annually, supporting vital forest ecosystems and enhancing air quality. The tree planting is crucial for a sustainable environment and reflects BrightView's commitment to environmental solutions.
BrightView Holdings, Inc. (NYSE: BV) will host its second quarter earnings conference call on May 5, 2022, at 10 a.m. EDT. The press release with detailed financial results will be issued before the call. Those interested can join by dial-in or through a webcast, with access codes provided. BrightView is the largest provider of commercial landscaping services in the U.S., employing around 20,000 personnel and serving a wide array of customers including corporate properties and healthcare facilities.
BrightView Holdings (NYSE: BV) announced a plan to repurchase 5.9 million shares at $12.33 each, totaling approximately $72.8 million. This represents a 6% discount from the March 11, 2022, closing price. The buyback will be funded through cash reserves and credit facilities, as part of the previously announced repurchase program initiated on December 6, 2021. The transaction is expected to conclude by April 4, 2022. CEO Andrew Masterman expressed gratitude towards MSD Partners for their long-term support.
BrightView Holdings, Inc. (NYSE: BV) has acquired TDE Group, a snow removal and landscaping company based near Detroit. This strategic acquisition marks the 34th addition to BrightView's portfolio, enhancing its operations in the Upper Midwest. TDE employs over 125 staff and caters to well-known clients, including auto manufacturers and the Detroit Metro Airport. Management anticipates that this partnership will provide growth opportunities for both employees and clients, expanding service offerings and reinforcing BrightView’s strong acquisition strategy.
BrightView Holdings, Inc. (NYSE: BV) has announced the acquisition of Intermountain Plantings, LLC, a commercial landscaping company based in Salt Lake City. The financial terms of the acquisition remain undisclosed. BrightView's CEO, Andrew Masterman, emphasized the strategic importance of the acquisition for enhancing operations in the Mountain West region. Intermountain Plantings employs over 340 team members and has a strong reputation in landscape development and maintenance, with nearly three decades of experience in the industry.
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.
BrightView Holdings, Inc. (NYSE: BV) has acquired Winter Services Incorporated, a respected snow and ice management firm located in Ringwood, N.J. This acquisition allows BrightView to enhance its snow removal operations in the Tri-State Area. Winter Services adds 125 full-time employees, growing to 450 during peak snow seasons, and contributes advanced equipment and certified professionals to BrightView's offerings. The transaction's terms were not disclosed, but it signifies BrightView's strategy to expand its services and improve operational capabilities in the snow management sector.
BrightView reported a total revenue of $591.8 million for the first quarter of fiscal 2022, up 6.7% from $554.4 million in the prior year. Maintenance Land revenue saw a growth of 11.0%, contributing to 7.3% organic revenue growth. However, net loss widened to $12.8 million versus $12.0 million previously, with a flat net loss margin of 2.2%. Adjusted EBITDA decreased 18.7% to $42.6 million. The company anticipates a revenue guidance between $620 million and $680 million for Q2 2022.
BrightView Holdings, Inc. (NYSE: BV) has acquired Performance Landscapes, a commercial landscaping company based in Honolulu, Hawaii. This strategic acquisition aims to enhance BrightView's existing services by incorporating landscape maintenance in Hawaii, a market where they have been active since 2008. Performance Landscapes has a strong workforce of over 100 trained employees, servicing various market segments. Although the transaction details remain undisclosed, both companies express optimism about the integration's benefits, including improved services and growth opportunities.
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