WASHINGTON, July 24,
2024 /PRNewswire/ -- LawnPRO Partners ("LawnPRO"), a
platform focused on residential lawn care treatment, tree, shrub
and pest control services that is backed by HCI Equity Partners,
today announced that it acquired LawnRx (the "Company"). LawnRx
represents the fifth acquisition for LawnPRO Partners. Financial
terms were not disclosed.
Based in Latrobe, PA, LawnRx is
a founder-owned provider of lawn care treatment and tree, shrub and
pest control services to residential customers in the Pittsburgh metropolitan area. LawnPRO's
acquisition of LawnRx expands the platform's presence in
Pennsylvania, representing the
third acquisition in the state and the second in Pittsburgh. LawnRx is led by Bruce Love, owner and President of LawnRx, who
will remain with the Company after the transaction and continue to
run the day-to-day operations.
"I am honored to be partnering with LawnPRO, a platform that
aligns both culturally and strategically with the LawnRx business,"
said Bruce Love. "My team and I are
excited to join the strong and respected family of brands at
LawnPRO, and we look forward to further accelerating our
performance through our partnership."
"We are very excited to be partnering with LawnRx, which has a
solid legacy as an excellent place to work and a provider of
outstanding customer service," said Bill
Viveen, CEO of LawnPRO. "We are optimistic about the
Pennsylvania market, and the
experienced leadership team led by Bruce
Love gives us confidence to expand our platform's reach in
this market. As we continue to add partners with strong roots and
excellent leadership, we are thrilled to grow our family of lawn
care services brands."
HCI intends to make significant investments in people,
infrastructure and M&A for the growing LawnPRO platform. The
firm welcomes inquiries from lawn care treatment businesses
interested in becoming part of the platform. Please contact
Nate Novak at
nnovak@hciequity.com.
Quarles & Brady served as legal counsel to HCI.
About HCI Equity Partners
HCI Equity Partners is a
lower market private equity firm focused on partnering with family
and founder-owned distribution, manufacturing and service
companies. HCI is headquartered in Washington, DC. For more information, please
visit www.hciequity.com.
About LawnPRO Partners
LawnPRO Partners is a platform
backed by HCI Equity Partners, a leading lower-middle market
private equity firm. It is focused on providing high quality lawn
care treatment, tree and shrub services and pest control to
residential customers.
Media Contacts
Lambert by LLYC:
Lisa Baker
lbaker@lambert.com
603-868-1967
or
Megan Bowman
mbowman@lambert.com
616-258-5763
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SOURCE HCI Equity Partners