Lower middle market private equity firm Silver Oak Services Partners has led the recapitalisation of US service business Beary Landscaping alongside the company’s management.
Silver Oak invested alongside Brian Beary, Founder and CEO of Beary Landscaping, and other senior management. The existing management team will continue in their current roles and retain a significant ownership stake in the business.
In a statement, Silver Oak highlighted landscaping services as an attractive subsector for investment as part of a broader effort in facilities services, due to the recurring nature of revenue, low cyclicality and high degree of fragmentation.
Beary is actively looking for add-on acquisition opportunities.
Beary was founded in 1985 and provides recurring landscaping and snow removal services to utilities, multi-family living communities, office buildings and municipalities across Illinois, Indiana, Pennsylvania, Michigan and Wisconsin.
