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Yellowstone Landscape-
Business
Yellowstone is the second largest provider of commercial landscape services to over 5,000 customers throughout the Southern and Southwestern United States, including corporate campuses, resorts and hotels, homeowners’ associations, multi-family communities, schools, hospitals, and municipalities.
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Harvest Partners Investment
In November 2019, Harvest Partners (“Harvest”) acquired Yellowstone in partnership with the existing management team. To fund the acquisition Harvest provided equity capital and arranged debt financing.
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Investment Thesis
- Leading position in the large, fragmented and growing commercial landscaping market
- Stable, recurring revenue from maintenance contracts
- Organic growth in excess of market driven by repeatable go-to-market strategy
- Consolidation platform with a strong M&A track record
- Strong management team with a successful track record
