EVANSTON, Ill., May 7, 2024
/PRNewswire/ -- Silver Oak Services Partners, LLC ("Silver Oak"), a
lower middle market private equity firm focused exclusively on
service businesses, announced it has led the recapitalization of
Beary Landscaping ("Beary" or the "Company") in partnership with
management.
Founded in 1985 and headquartered in Lockport, IL, Beary is a provider of recurring
landscaping and snow removal services to a diverse set of
commercial end markets, including utilities, multi-family living
communities, office buildings, municipalities and others. Beary
currently serves over 1,200 customers across Illinois, Indiana, Pennsylvania, Michigan and Wisconsin.
Silver Oak invested alongside Beary's founder and CEO,
Brian Beary, and other senior
management in the transaction. The existing management team will
continue in their current roles with Beary and retain a
significant ownership stake in the business.
"For 35+ years, Beary has served as a trusted partner to our
customers, maintaining best-in-class landscapes that enrich the
environment. We are excited about our partnership with Silver
Oak, which provides us with additional capital and expertise needed
to significantly grow the company, while continuing to provide
high-quality service to our customers," said Brian Beary, CEO of Beary.
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. Andrew Gustafson, Partner at Silver Oak, said,
"We are very excited to partner with Brian and the Beary
team. We believe the Company is a strong platform from which
to grow due to its excellent reputation, tenured employee base,
service-oriented culture and experienced management team. We
look forward to leveraging the Company's strengths while further
investing in people, infrastructure and sales as Beary continues to
grow in new and existing markets." Beary is actively looking
for add-on acquisition opportunities.
Please contact Greg Barr,
Andrew Gustafson or Biren Bhansali of Silver Oak for additional
information.
About Silver Oak Services Partners: Founded in 2005 and
based in Evanston, IL, Silver Oak
is a lower middle market private equity firm focused on partnering
with exceptional management teams to build industry leading
business, consumer, and healthcare services companies. Silver
Oak utilizes a proactive, research-led investment process to
identify attractive services sectors and seek out high-quality
management teams and investment opportunities. Silver Oak
seeks to make control investments in leading service businesses,
typically with EBITDA of $4 million
to $25 million.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
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SOURCE Silver Oak Services Partners, LLC