BrightView Acquires Apex Land Group

Nov 15, 2022 | Blue Bell, PA

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Apex Land Group logoBrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Apex Land Group, LLC, a commercial landscaping company, based in Myrtle Beach, S.C. Terms of the transaction were not disclosed.

Apex is one of the market’s top service providers. Founded in 2019 by Conall O’Brien, Apex is a full-service landscaping company specializing in commercial landscape management, irrigation, and new construction landscape installation. The acquisition of Apex expands BrightView’s Myrtle Beach presence.

“BrightView’s acquisition of Apex Land Group is another step in our long-term strategy of growing our business and strengthening our position as the country’s leading landscaping company,” said Andrew Masterman, BrightView President and CEO. “With its strong maintenance portfolio and focus on delivering quality service, Conall has established Apex as one of Myrtle Beach’s premier landscaping services providers. We look forward to welcoming Apex team members to the BrightView family and working in concert with them to expand our market services and opportunities.”

“The Apex team couldn't be more excited to join forces with BrightView. We have an exceptional group of dedicated people that are capable of so much,” said O’Brien. “It feels good to be working with so many like-minded individuals that put their people first and are committed to delivering great service and a superior product to the customer. We are proud of what we have built and are excited to take it to the next level with BrightView.”

 

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, 2021, 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.

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.

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