News

Meridian Capital Advises on Acquisition of Northwest Landscape Services

31 May 2016

Seattle, Washington | May 2016 – Meridian Capital is pleased to announce the acquisition of its client, Northwest Landscape Services (“NLS”), by Monarch Landscape Holdings, LLC (“Monarch”), a portfolio company of One Rock Capital Partners, LLC (“One Rock”). In connection with the transaction, Meridian served as the exclusive advisor to the shareholders of NLS. Lane Powell PC provided legal services for NLS.

Founded in 1990 by Vaughn Weedman, NLS is the leading provider of commercial landscape and maintenance services in the Pacific Northwest. The Company’s comprehensive service offerings includes landscape maintenance, design and renovation services, arbor care, irrigation services, hardscape maintenance, wetlands management, and winter maintenance. NLS’ client base includes over 1,300 properties across the corporate, institutional, HOA, multifamily, commercial office, municipal, retail, and industrial sectors. With ten locations and a service coverage area across three states, the Company is the largest provider in the region.

Monarch was established in 2015 to pursue a regional consolidation of leading landscape service companies in the Western United States. To date, the platform has completed three acquisitions. Monarch’s CEO, Brian Helgoe, is an experienced operator and executive in the commercial landscape services industry with over 20 years of landscape experience, most recently as Senior Vice President with ValleyCrest Companies.

The acquisition represents a key strategic success for Monarch as the company continues to expand its West Coast presence. The entire NLS senior management team will remain in place and play integral roles in the ongoing regional build-out.

Mr. Helgoe commented, “We were attracted to the professionalism of NLS. On every level, NLS has invested in developing their team, found innovative ways to ensure their customers have an outstanding experience, and maintained a family-friendly culture through tremendous growth. I am thrilled to partner with Tom DiMeco and his team alongside the Monarch team to continue to become the best place to work as a landscape professional”.

Tom DiMeco, Managing Director and a shareholder of NLS added, “I am extremely excited to partner with Brian Helgoe and the One Rock team. NLS, in partnership with Signature Landscape Services (a previous Monarch acquisition), will be the established leader in the Pacific Northwest and allow us to continue our growth strategy and service line expansion.”

“The transaction results in a terrific outcome for the NLS shareholders while simultaneously positioning the Company to continue to expand its market leadership in the PNW,” said Brian Murphy, president and managing director of Meridian Capital. “Monarch and One Rock represent a great home for NLS from both a strategic and cultural perspective. With the ongoing consolidation in the landscape services market, the transaction provides the NLS team with the resources and opportunity to be part of an exciting West Coast strategy.”