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Harris Williams Advises SavATree on its Pending Sale to the Apax Funds
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Harris Williams, a global investment bank, is advising SavATree on its pending sale to Apax Funds. SavATree, a leader in tree, shrub, and lawn care, operates in 27 states with a 40-year history and a commitment to environmental care. CI Capital Partners, SavATree's current owner, has successfully partnered in this transaction, marking a positive outcome for the residential and commercial services sector. Apax Funds aims to strengthen SavATree's market position with long-term equity financing. Harris Williams, a subsidiary of PNC, specializes in M&A advisory services.
Positive
SavATree's sale to Apax Funds enhances its market position.
The transaction represents a successful partnership for CI Capital.
SavATree has a strong operational footprint, serving 27 states.
Negative
None.
RICHMOND, Va.--(BUSINESS WIRE)--
Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising SavATree, a portfolio company of CI Capital Partners LLC (CI Capital), on its pending sale to funds advised by Apax (the Apax Funds). SavATree is a leading professional tree, shrub and lawn care provider. The transaction is being led by Brent Spiller and Zach Ledwith of the Harris Williams Consumer Group and Brian Lucas, Bryce Walker and Sam Funkhouser of the firm’s Business Services Group.
“SavATree is a leader in the arboricultural services sector and is recognized for its dedication to superior customer service and commitment to the environment. SavATree has built a nationwide platform since its founding over 40 years ago, and we are excited to see SavATree continue to thrive in partnership with the Apax Funds,” said Brent Spiller, a managing director at Harris Williams.
“We are thrilled to have partnered with the SavATree team and CI Capital, and this transaction marks yet another successful outcome for our clients in the residential and commercial services sector. We look forward to a bright future for SavATree in their next chapter,” added Brian Lucas, a managing director at Harris Williams.
SavATree was founded in 1978 and is headquartered in Bedford Hills, New York. SavATree is committed to an environmentally sensible approach to tree, shrub and lawn care services and has been caring for residential, commercial and government properties for over 40 years. The company services customers in 27 states through 58 locations.
CI Capital is a leading North American private equity investment firm dedicated to investing in middle market companies with over $2.4 billion of invested capital. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. Throughout its 28-year history, CI Capital and its portfolio companies have made over 405 acquisitions representing approximately $10 billion in enterprise value.
Apax is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of tech, services, healthcare and internet/consumer. These funds provide long-term equity financing to build and strengthen world-class companies.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on the Harris Williams Consumer Group and recent transactions, visit the Consumer Group’s section of the Harris Williams website.
The Harris Williams Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co.Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co.Corporate Finance Advisors GmbH conduct business.
