Dubin Clark, a private equity firm focused on niche market leaders in the lower middle-market, has created a new holding company, Super Home Services, to invest in Evergreen Lawn & Pest Control (Evergreen).
Financial terms of the transaction have not been disclosed.
Evergreen is a provider of residential lawn spray and pest control services throughout the Central Florida region. The Company’s service offerings include lawn spray services, tree and shrub services, pest control, termite treatment, and mosquito control services. Since its founding in 1991, Evergreen has established a reputation for quality, excellence, and high customer satisfaction. The Company is headquartered in Apopka, Florida with three additional locations in Orlando, Leesburg, and Debary, Florida.
Brent Paris, Managing Partner at Dubin Clark, says: “We are thrilled to add Evergreen to our portfolio as the cornerstone of a new home services platform, Super Home Services. We look forward to leveraging our experience in specialty residential services to assist Jim Fanning, the incoming CEO, George Godfrey, and the remaining team to drive platform growth and quality service for our current and future clients. We hope to unlock value creation through a number of organic and add-on acquisition growth initiatives with the goal of providing customers with a best-in-class solution for all of their home service needs.”
Jim Fanning, owner of Evergreen, says, “We are excited to partner with the Dubin Clark team and look forward to leveraging their extensive knowledge to help us drive continued growth. This partnership will allow us to expand our service offering to our customers while continuing to provide superior services and exceptional care.”
Greg Clendenin of the Clendenin Consulting Group and Graham Anthony acted as transaction advisors for Evergreen.
