![]() ![]() In 2010, TruGreen LandCare reported a 9 percent drop in revenue, to approximately $238 million.ĭeveloped and maintained an updated handbook that is utilized by ServiceMaster Family of Brands today From 2008 to 2010, revenue dropped $78 million, to $238 million. ![]() When combined, TruGreen and LandCare USA had revenue of more than $400 million, but ServiceMaster struggled to integrate its many acquisitions into a cohesive business, and the LandCare division has in recent years lost value. During that timeframe, TruGreen – which had seen major success in turning around underperforming lawn care companies – acquired a dozen landscape firms, but never realized the same gains on the maintenance and construction side of the business. ServiceMaster, TruGreen LandCare’s parent company, bought LandCare USA amid a period of heavy mergers and acquisition activity for the green industry, and less than a year after the newly formed company went public. The deal has Aurora buying ServiceMaster’s landscape division for $38 million – a fraction of the $250 million ServiceMaster paid for it in 1999. Aurora Resurgence, part of a $2 billion Los Angeles-based investment firm, should close on its purchase of TruGreen LandCare by April 30. – The green industry’s first national landscape firm, created 12 years ago in an unprecedented and high-value merger, will be sold later this week at a fire-sale price to a private equity firm.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |