Commercial Tree Care, Inc. Acquired by BrightView
BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the leading commercial landscaping services company in the United States, today announced the acquisition of Commercial Tree Care, Inc. (CTC), a full-service tree care company based in San Jose, Calif. The purchase of CTC followed the sale of BrightView Tree Company to Devil Mountain Nursery of San Ramon, Calif. Terms of the transactions were not disclosed.
Founded in 1992, CTC is a full-service tree care provider specializing in pruning, tree removal, stump grinding, cabling, bracing, fertility treatment, pest and disease control, install and transplant, forestry fire fighting and timber harvesting. The company also consults for development, appraisal, maintenance plans and overall site evaluation.
“The acquisition of Commercial Tree strengthens BrightView’s Maintenance operations in Northern California and positions us to be the foremost tree care service provider in the San Francisco Bay Area,” said President and CEO Andrew Masterman. “The acquisition of CTC followed the sale of BrightView Tree Company, a tree nursery division that typically generated between $25 million and $30 million in revenue. Redeploying assets from our Development segment to our Maintenance segment is consistent with our overall strategic growth plan.”
CTC President Todd Huffman said, “I believe that Commercial Tree Care shares much in common with BrightView and this transaction provides a solid foundation in which to continue our growth in the greater Bay Area. Jointly, we look to leverage strong safety practices, state-of-the art equipment and our talented teams to continue to serve our client base. My team and I are excited about the opportunities that lie ahead.”
Huffman, along with his senior leadership team, will remain with BrightView and continue to run the day-to-day operation of the business.
BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 20,000 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.