Zephyrnet Logo

Osceola Closes Seventh Buy for Tendit Platform

Date:

Tendit Group, a portfolio company of Osceola Capital, has acquired Legends Landscape Management, a provider of commercial landscape services.

Legends Landscape is a full-service landscape management company that specializes in landscape maintenance, irrigation system management, plant health, tree and weed management. Customers of the company include property management companies, municipalities, homeowner associations and apartment complexes. Legends Landscape was founded in 2002 by Curt Peterson and is based in Phoenix, Arizona.

Denver-Headquartered Tendit Group is a provider of exterior facility maintenance services including pressure washing, asphalt maintenance, window cleaning, pavement striping and marking, landscaping, snow removal, and power sweeping. The company’s customers include property managers, commercial businesses, hospitals, schools, contractors, restaurants, retail, municipalities, airports, homeowner associations, and government agencies.

Source: Tendit Group

Osceola Capital first invested in Tendit in August 2019 with the buy of Colorado-based Top Gun Pressure Washing. In 2022, Osceola rebranded Top Gun Pressure Washing under the Tendit Group name.

The buy of Legends Landscape is Tendit’s seventh add-on acquisition and follows the buys of Arizona-based Zoneez Power Washing & Window Cleaning (2021) and Utah-based Birrell Services (2022); and four Colorado-based businesses including Bob Popp Building Services (2020), Emerald Isle Landscaping (2021), American Striping (2022) and Apex Paving Services (2022).

Source: Tendit Group

“We are excited to partner with Legends and build on the exceptional momentum they have achieved thus far,” said Alejandra Harvey Oliver, the CEO of Tendit. “Curt and Mike Peterson have built a superb organization, and we look forward to supporting them during this next phase of growth.”

“The acquisition of Legends Landscape is a perfect fit with Tendit’s growth strategy – partnering with the premier service provider in each of our core exterior facility service categories in each of our target states within the Mountain West,” said Patrick Watkins, a partner at Osceola. “Growing our presence in Arizona has been a top priority for Tendit, and we are excited to add the landscaping service offering to our existing Arizona operations and offer a more robust suite of services to our Arizona customers.”

Osceola makes control investments of up to $20 million in companies that have revenues of $5 million to $50 million and EBITDA of $2 million to $10 million. Sectors of interest include business services, healthcare services, tech-enabled services and industrial services. The firm was founded in 2014 and is headquartered in Tampa, Florida.

© 2023 Private Equity Professional | May 19, 2023

spot_img

Latest Intelligence

spot_img