BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today reported unaudited results for the second quarter ended March 31, 2023. 

“We delivered our 8th consecutive quarter of Maintenance Land organic growth, while also improving Land Maintenance and Development margins, enabling us to achieve profitability results significantly above the high-end of our guidance,” said Andrew Masterman, BrightView President and Chief Executive Officer. “Looking ahead, our priority remains clear, we will focus on business elements we can control, most notably driving sustainable Land Maintenance and Development organic growth, while implementing cost management initiatives through “Project Accelerate” to mitigate against externally driven headwinds and continue to improve profitability.”

Read the full report here.

BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today announced Andrew Masterman will step down from his role as President and Chief Executive Officer (CEO) and member of the Board of Directors, effective May 31, 2023. Jim Abrahamson, who has served on BrightView’s Board since 2015, will serve as interim President and CEO until a successor is in place. Masterman will serve as an advisor for one month to ensure a smooth transition. The Company’s Board of Directors has initiated a search for a successor in partnership with a leading executive search firm.

“On behalf of the Board and entire BrightView team, I want to thank Andrew for the contributions he has made to the Company,” said Paul Raether, chairman of BrightView’s Board of Directors. “Today, BrightView is the leading commercial landscape design and services company with a recognized brand and high-quality team. Its market-leading position provides a solid foundation for future growth and creates a unique opportunity to enhance service for customers.”

Masterman joined BrightView in 2016 and successfully led the company’s initial public offering in 2018. Under his leadership, BrightView demonstrated growth through a series of strategic acquisitions, modernized its technology and finance infrastructure, professionalized the sales organization, expanded omni-channel marketing capabilities and achieved the best safety record in the company’s history.

“It has been an honor to serve as BrightView’s CEO and I’m proud of what the team has accomplished during my tenure. Together, we’ve built a top-tier organization with an expansive national footprint,” said Masterman. “I look forward to working with Jim to ensure a smooth transition and will continue to watch BrightView’s progress and future success.”

Raether added: “We have full confidence in Jim’s ability to continue to execute on BrightView’s strategy while we search for a new CEO to lead the company into its next phase and unlock value. Jim brings extensive knowledge of BrightView and the industry, as well as over 30 years of management experience in senior leadership and board of director roles with leading, large public and private companies in dynamic environments.”

“I’m honored to step in as interim CEO of BrightView, a company that I know very well and respect deeply,” said Abrahamson. “I look forward to working closely with our talented management team to continue to execute and build on our strategy and to ensure continuous performance improvement for our shareholders while we deliver the best service in the industry to our valued clients.”

Jim Abrahamson Biographical Details

Abrahamson previously served as CEO and as Chairman of Interstate Hotels & Resorts, the leading global hotel management company with a portfolio of approximately 500 hotels and 30,000 employees from June 2011 until its sale to Aimbridge Hospitality in October 2019. Prior to joining Interstate, Abrahamson held senior leadership positions with InterContinental Hotels Group, Hyatt Corporation, Marcus Corporation and Hilton Worldwide. Jim presently serves in public company and private company board roles, which, in addition to BrightView, includes currently serving as Independent Board Chair of VICI Properties, Inc., (NYSE: VICI) a leading REIT comprised of large-scale experiential focused destination resort and gaming facilities since its inception in 2017, as well as several other private company boards. He has also previously served on public company boards including as an independent director of CorePoint Lodging Inc. and as an independent director of LaQuinta Holdings and as an executive director of the board of Intercontinental Hotels Group. He holds a degree in Business Administration from the University of Minnesota.

Committed to creating a greener, more sustainable planet on Earth Day and every day, BrightView (NYSE: BV) – the nation’s leading commercial landscaping company – reaffirms its industry leadership by focusing on three key environmental priorities as it designs and maintains the best landscapes on Earth: 

Greener Fleet: By deploying more battery-powered mowers and hand-held tools, as well as adding electric and hybrid vehicles, BrightView will reduce greenhouse gas emissions and increase use of renewable energy sources. Last year, BrightView invested in over 1,000 new pieces of electric equipment and added 400 hybrid or electric cars and trucks.  

Water Conservation: With many regions experiencing drought conditions and local governments enacting water restrictions, BrightView offers superior irrigation management services to clients, including smart irrigation controllers, turf conversion, and xeriscaping to better ensure water efficiency and conservation. Xeriscaping, a landscaping technique that uses plants appropriate to the local climate, can reduce water use by 60 percent or more.

Ecosystem Preservation: Every year, BrightView plants tens of thousands of trees, shrubs, and grass as part of its best-in-class landscaping work. In 2022, BrightView partnered with the Arbor Day Foundation to plant 300,000 trees. These plantings help revitalize the ecosystem, while cleaning the air, filtering water, and sequestering carbon.  

“As landscaping stewards, operating in an environmentally-friendly manner is the keystone to BrightView’s core business beliefs,” said Andrew Masterman, BrightView President and Chief Executive Officer. “We take great pride in setting the industry standard to ensure future generations benefit from our responsible way of how we serve our customers and communities where we live, work and play.” 

Learn more about BrightView’s Environmental, Social, and Corporate Governance (ESG) goals and strategy in its 2023 ESG Report.

Every Day is Earth Day at BrightView

This Earth Day, and throughout the year, BrightView team members nationwide will volunteer their time and participate in enhancement projects and local events to make a positive impact in their communities, including: 

• Renovating and rejuvenating community centers’ gardens and flower beds 

• Cleaning up and revitalizing cemeteries and public spaces

• Planting trees, building pollinator boxes, and releasing ladybugs 

• Distributing educational materials and flower seeds at client locations 

BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today reported unaudited results for the first quarter ended December 31, 2022.

“We are pleased to start fiscal 2023 with a strong first quarter, underpinned by robust organic revenue growth across both segments, acquisition benefits, disciplined cost management and a steadfast focus on executing our growth strategy to continue to drive momentum in our business,” said Andrew Masterman, BrightView President and Chief Executive Officer. “Our performance is powered by the hard work and dedication of our team members, and I am very thankful for their efforts. Looking ahead, our priority is clear, we will continue to execute on our growth plans to deliver solid organic growth in fiscal 2023, while implementing initiatives designed to mitigate against externally driven headwinds and improve our profitability.”

Read the full report here.

Download Report

BrightView (NYSE: BV), the leading commercial landscaping services company in the United States, today published its 2023 ESG Report, highlighting progress toward achieving its environmental stewardship, social responsibility, and corporate governance (ESG) goals and commitments. The report is available on the BrightView ESG website.

“Reflecting on fiscal year 2022, I am extremely proud of our team’s progress amid an increasingly challenging and dynamic environment. We’ve taken important steps on our journey to becoming carbon neutral by 2035, building a diverse and engaged workforce, and continuing to operate with integrity,” said Andrew Masterman, BrightView President and Chief Executive Officer. “Supporting our team members, inspiring communities, and nurturing landscapes is at the heart of what we do every day at BrightView. I believe our purposeful ESG strategy positions us for continued success, while supporting our clients’ sustainability objectives.” 

To further inform and focus the Company’s ESG strategy, BrightView commissioned a materiality assessment to identify ESG topics of the greatest importance to its customers, vendors, team members, and investors. Moving forward, the Company plans to use the study’s insights to proactively engage with all stakeholder groups.

“As a company dedicated to designing, developing, and maintaining the best landscapes on Earth, prioritizing sustainable solutions is core to who we are. We’re invested not only in making a difference in the communities where we work, live and play, but also in promoting a healthy planet,” said Masterman.

Highlights from the 2023 ESG Report

Environmental

• Deployed ~1,000 battery powered, zero-emission handheld equipment units

• Converted ~400 vehicles to hybrid or electric

• Partnered with Arbor Day Foundation to plant nearly 300,000 trees

 Social

• Conducted BrightView’s first team member engagement survey

• Continued to diversify our workforce by increasing the percentage of women and Hispanic/Latino team members in managerial roles

• Sustained a total recordable injury rate below the landscaping services’ industry average

 Governance

• BrightView’s Board maintains oversight of societal and other matters affecting the Company’s stakeholders and the environments in which we operate

• Seven of eight Board members remain independent, with the average tenure of directors under five years

• Continued to use E-Verify to confirm the identity and employment eligibility of newly hired team members

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Island Plant Company, LLC, a premiere resort and condominium landscaping company in Maui, Hawaii. Terms of the transaction were not disclosed.

Founded in 1986 by Thom and Beverly Foster, Island Plant Company provides landscape maintenance, installation, and design services to Maui’s AOAO (Association of Apartment Owners) and resort properties located throughout West Maui, South Maui, and Upcountry. Over the years, Island Plant has installed and designed landscapes throughout Maui’s resort areas, including Ka’anapali Golf Estates, Pineapple Hill, Plantation Estates, Honolua Ridge, Wailea Golf Vistas, Wailea Golf Estates, and Wailea Highlands. 

Island Plant is the most recent Hawaii-based landscaping company acquisition for BrightView. In 2022, BrightView acquired SGS Hawaii and Performance Landscapes.

“As we continue to execute upon our long-term growth strategy, Hawaii’s commercial landscaping business is rapidly expanding and Island Plant’s expertise perfectly complements and strengthens our operations in this market,” said Andrew Masterman, BrightView President and Chief Executive Officer. “Thom and Beverly’s dedication and passion for landscaping is reflected in the reputation Island Plant has earned for designing, installing, and maintaining beautiful landscapes and we’re pleased to welcome them and their team to the BrightView family.”

“For over 35 years, Island Plant has proudly served Maui’s business community. As we looked to the future, we felt merging with BrightView was the right step for Island Plant,” said Thom Foster. “BrightView’s culture, systems, and resources made them the best answer for our succession, our clients, and our people.”

BrightView Development Services has been a licensed landscape and irrigation contractor in Hawaii since 2008. In addition to renovating the Hualalai Four Seasons in Kona following a tsunami in 2011, BrightView also restored the irrigation system for the Hilton Waikoloa Village and Resort and performed landscape architecture work at the Four Seasons Maui.

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.”

BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today reported unaudited results for the fourth quarter ended September 30, 2022.

“We are pleased to report record revenues for the fourth quarter and fiscal year 2022, anchored by land organic growth of 4.4%, exceeding our long-term plans and significantly outpacing industry growth. In addition, our accretive acquisitions continued to benefit our topline,” said Andrew Masterman, BrightView President and Chief Executive Officer. "Our results are powered by the hard work and dedication of our team members, and I am very thankful for their efforts. Looking ahead, we will continue to execute on our strategic plan to deliver another year of solid organic growth in fiscal 2023, while implementing initiatives to mitigate against externally driven headwinds and strengthen our profitability.”

Read the full report here.

BrightView 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.

With winter around the corner and parts of the country already experiencing measurable snowfall, BrightView (NYSE: BV), the leading commercial landscaping services company in the United States, today formally introduced a new name and brand for its snow and ice management services – BrightView Snow Services. The new brand reflects the prominent role snow removal plays across BrightView's portfolio. 

While BrightView has long been a leader in snow and ice removal services, the acquisitions of TDE Group, Winter Services, Inc, and Cutting Edge Property Maintenance have further expanded and enhanced the company’s snow leadership and operational capabilities.

“With the recent acquisitions, we’ve further strengthened our position as the premier provider of commercial winter services. The creation of the BrightView Snow Services brand reflects our industry leadership in snow and ice management as well as distinguishes our expertise and competency,” said Jamie Gollotto, President, Seasonal Maintenance Services. “BrightView Snow Services will make the winter months, inclement weather, and inconvenient conditions that come along with it, safe with minimal disruption.”

Businesses and property managers rely on BrightView’s ability to quickly mobilize and react to snowfall events to ensure their parking lots, walkways, and other surfaces are properly treated. State-of-the-art equipment, highly skilled team members, and dedicated snow management training programs enable BrightView to provide customers with year-round support to ensure the cold season does not impact their daily routine. This includes:

• Detailed property mapping
• A customized snow management plan
• Pre-season planning, site inspections, and pre-storm preparation
• 24/7 storm monitoring that ensures timely action to keep your property safe

As part of the brand rollout, the new BrightView Snow Services logo will adorn our expanding snow-specific equipment and vehicles, including plows, snow blowers, salt spreaders, and skid steers.