BrightView Acquires Commercial Landscape Firm All Commercial Landscape Services
September 24 2020 - 6:00AM
Business Wire
BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the leading
commercial landscaping services company in the United States, today
announced the acquisition of All Commercial Landscape Services
(“the Company” or “ACLS”), a commercial landscaping company
headquartered in Fresno, Calif. Terms of the transaction were not
disclosed.
ACLS is a full-service landscaping company specializing in
landscape maintenance, irrigation, enhancement, arbor care and
water management. Their clients include commercial, municipal,
multi-family and retail organizations throughout the greater Fresno
market.
“We’re delighted to welcome ACLS and approximately 90 new
skilled team members into the BrightView family,” said CEO and
President Andrew Masterman. “This acquisition is consistent with
our long-term M&A strategy and provides an entry point into a
desirable Top 55 Metropolitan Statistical Area (MSA), Fresno,
Calif.”
Sheila DeLany, ACLS CEO, said the two companies have much in
common.
"BrightView shares our passion for quality service delivery,
customer satisfaction and employee development. As such, we believe
they were the best fit to carry on the legacy we have built over
the years. We look forward to leveraging best-in-class standards
across the organization while creating growth opportunities for our
experienced team members.”
About BrightView
BrightView is the largest provider of commercial landscaping
services in the United States. Through its team of approximately
21,500 employees, BrightView provides services ranging from
landscape maintenance and enhancements to tree care and landscape
development for thousands of customers’ properties, including
corporate and commercial properties, HOAs, public parks, hotels and
resorts, hospitals and other healthcare facilities, educational
institutions, restaurants and retail, and golf courses, among
others. BrightView is the Official Field Consultant to Major League
Baseball.
Forward-Looking Statements
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
statements related to our expectations regarding results of
operations from companies we acquire and other financial and
operating information. You can identify these forward-looking
statements by the use of words such as “believes,” “guidance,”
“target,” “expects,” “potential,” “continues,” “estimates,”
“anticipates” or the negative version of these words or other
comparable words. Such forward-looking statements are subject to
various risks, uncertainties and factors, including the following:
BrightView may not be able to achieve the anticipated benefits of
the acquisition transaction, including revenue, growth and
synergistic opportunities; BrightView may be unable to successfully
implement integration strategies; results of operations may be
lower than expected; operating costs, customer loss, and business
disruption may be greater than expected; and BrightView may assume
unexpected risks and liabilities. Additional factors that could
cause BrightView’s results to differ materially from those
described in the forward-looking statements can be found under
“Item 1A. Risk Factors” in our Form 10-K for the fiscal year ended
September 30, 2019, as such factors may be updated from time to
time in our periodic filings with the Securities and Exchange
Commission, which are accessible on the SEC’s website at
www.sec.gov. These factors should not be construed as exhaustive
and should be read in conjunction with the other cautionary
statements that are included in this release and in our filings
with the SEC. Any forward-looking statement made in this press
release speaks only as of the date on which it was made. We
undertake no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200924005113/en/
MEDIA: Fred Jacobs, VP of Communications & Public Affairs
Fred.Jacobs@BrightView.com
INVESTOR RELATIONS: John Shave, VP of Investor Relations
IR@BrightView.com
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