DENVER – Metco Landscape (“Metco”), a portfolio company of Westhook Capital and leading provider of commercial landscape services in Colorado, announced today it has acquired PGM Inc., a premier provider of commercial landscape maintenance services in Colorado Springs. PGM’s Founder and President Dan Pohja will continue to lead PGM. Financial Terms of the transaction were not disclosed.
Mark Tomko, founder and CEO of Metco said “PGM is a great company, that shares our mission and relentless focus on providing high quality landscaping services and customer satisfaction. We are impressed with PGM’s people, reputation, and the positive impact they have had in their community and are excited to partner with Dan and his team.”
“We are thrilled to be working with the team at Metco Landscape, and we will continue to provide the outstanding customer service that we are known for.” said Dan Pohja.
Ceibass Venture Partners LLC served as financial advisor to PGM.
About Metco Landscape
Metco Landscape is a leading provider of landscape maintenance and development services in Colorado and ranks #26 in Lawn & Landscape Magazine’s Top 100. Its services include commercial landscape maintenance, turnkey development services, custom design, enhancement, and snow removal services across the Front Range of Colorado. The Company operates out of its headquarters in Aurora, CO with four additional branches in Denver, Colorado Springs and Fort Collins.
Westhook Capital is a private equity firm founded by professionals with over 50 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles. Westhook is targeting 5 – 6 platform investments for its inaugural fund, Westhook Capital Partners, L.P, with $140 million in commitments and focuses on control buyouts of North American based lower middle market companies within the consumer, industrial, business services and healthcare services sectors that can benefit from the firms’ operationally-focused approach to value creation. For more information, please visit www.westhook.com.
DENVER – Westhook Capital (“Westhook”), a Los Angeles-based private equity firm focused exclusively on the lower middle market, today announced it has made an investment in Metco Landscape (“Metco”), a leading provider of landscaping installation and maintenance services in Colorado. The Company will continue to be led by Mark Tomko, who will remain in his position as CEO immediately following the Transaction. Metco ranks #28 in Lawn & Landscape Magazine’s Top 100. Its services include the design, installation and maintenance of commercial landscape across the Front Range of Colorado. The Company operates out of its headquarters in Aurora, CO with two additional branches around Denver and one in Colorado Springs.
Mark Tomko, founder and CEO of Metco, said “We are very proud of our team and what we have built at Metco. We are excited to partner with Westhook, who we know shares our dedication to continuing to build an industry leading landscape business by combining relentless focus on customer satisfaction and providing value to all our customers and team members.”
“We are very excited about partnering with founder and CEO Mark Tomko and the team at Metco Landscape to build on the impressive platform that they have built,” said Michael Hooks, Managing Partner of Westhook Capital. “This is a highly attractive industry and we look forward to supporting the Company’s next phase of growth initiatives, including strategic acquisitions. The Metco team has demonstrated a deep understanding of the business, detailed knowledge of the market, and strong relationships with its customers and suppliers. Also, we appreciate the critical role that Ceibass Venture Partners and Tom Fochtman played in bringing the parties together and facilitating the transaction.”
Westhook recently announced the closing of its inaugural fund, Westhook Capital Partners, L.P., with $140 million in commitments. The fund focuses on buyouts of U.S. based lower middle market companies within the consumer, industrial, business services and healthcare services sectors.
Ceibass Venture Partners LLC served as financial advisor to Metco.
About Metco Landscape
Mark Tomko founded Metco in 1987 with a few lawnmowers and a mission to build lasting relationships through quality landscaping services. Today, Metco’s offices and scope of work extends across the Front Range of Colorado and Metco ranks #28 on Lawn & Landscape Magazine’s Top 100 list of national landscapers. Metco’s services include commercial landscape, homebuilder services, maintenance, and custom design and installation.
Westhook Capital is a private equity firm founded by professionals with over 50 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles. Westhook is targeting 5 – 6 platform investments for the fund and is focused on companies in the consumer, industrial, business services, and healthcare services segments with greater than $4 million of EBITDA. Westhook invests in control buyouts, management buyouts, and recapitalizations. Westhook is experienced and comfortable with founder-owned companies, founder transitions, secondary buyouts, and corporate divestitures.