BrightView Acquires Smith’s Tree Care
January 25 2023 - 5:30AM
Business Wire
BrightView Holdings, Inc. (NYSE: BV), the leading commercial
landscaping services company in the United States, today announced
the acquisition of Smith’s Tree Care, Inc., a leading tree care
service provider, based in Newport News, Va. Terms of the
transaction were not disclosed.
Smith’s Tree Care, founded in 2005 by Dave Smith, provides a
host of services, including tree care, tree trimming and pruning,
tree removal, and stump grinding. The addition of Smith’s Tree Care
complements and strengthens BrightView’s existing tree care
services expertise in the greater Hampton Roads marketplace.
“The acquisition of Smith’s Tree Care in a solid market, like
Hampton Roads, further reinforces our strong-on-strong M&A
strategy,” said Andrew Masterman, BrightView President and CEO.
“Dave’s and Uwe Troxler’s hard work over the past 17 years has
elevated Smith’s Tree Care to one of the market’s top tree service
companies. We’re excited to welcome them to the BrightView Tree
Care Services family as we work together to provide exceptional
quality service and continue to position ourselves as the region’s
preferred commercial tree care provider.”
“Smith’s Tree Care has had the pleasure of serving the Hampton
Roads community and providing best-in-class tree care service, for
nearly 20 years,” said Smith. “As we looked to the future,
combining forces with BrightView was a logical next step that puts
us in the best position to expand and grow the business. I’m
forever grateful for the dedication of our talented arborists and
tree experts and am certain they will continue to thrive as valued
members of the BrightView family.”
About BrightView BrightView (NYSE: BV), the nation’s
largest commercial landscaper, proudly designs, creates, and
maintains the best landscapes on Earth and provides the most
efficient and comprehensive snow and ice removal services. With a
dependable service commitment, BrightView brings brilliant
landscapes to life at premier properties across the United States,
including business parks and corporate offices, homeowners'
associations, healthcare facilities, educational institutions,
retail centers, resorts and theme parks, municipalities, golf
courses, and sports venues. BrightView also serves as the Official
Field Consultant to Major League Baseball. Through industry-leading
best practices and sustainable solutions, BrightView is invested in
taking care of our team members, engaging our clients, inspiring
our communities, and preserving our planet. Visit
www.BrightView.com and connect with us on Twitter, Facebook, and
LinkedIn.
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, profits, growth and opportunities for synergies;
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,
2022, 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.
Source: BrightView Landscapes
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version on businesswire.com: https://www.businesswire.com/news/home/20230125005033/en/
David Freireich, VP of Communications & Public Affairs
David.Freireich@BrightView.com 484-567-7244
Faten Freiha, VP of Investor Relations
Faten.Freiha@BrightView.com 484-567-7148
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