Greenwood Village, CO, United States (October 6, 2017) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, Swingle, Inc. by SavATree.
Bill Nack, Managing Director, and Bob Forbes, President at The Forbes M+A Group, led the process providing exclusive sell-side advisory services for this transaction. “We were excited about this acquisition. It’s a great marriage between lawn and tree industry icons dedicated to service excellence, and the timing is perfect for business sales and recapitalizations in this industry” said Nack. Forbes added, “Well-run lawn and tree service companies like Swingle are in high demand by buyers. There’s been very strong interest from both private equity firms and other companies in the sector, because of the largely reoccurring revenue and benefits of scale. Swingle was able to capitalize on this trend, attracting a broad pool of acquirers.
Swingle CEO Tom Tolkacz said, “As we considered the best opportunities to move the company forward, we wanted to entrust the business to an advisor with similar core values and high-quality standards who understood our objectives and would find us a partner that matched our vision. The Forbes M+A Group did just that. SavATree was, without a doubt, the best option. With a shared vision for growth and a passion for service excellence, I am confident our clients will continue to receive expert service and our employees will have even greater opportunities with this best-in-class-employer.”
ABOUT SWINGLE, INC.
Founded as a tree surgery business in 1947, Swingle has developed into an icon within the green industry, known for exceptional service quality and expertise. Headquartered in Denver, CO, Swingle has three branches in Colorado that were acquired by CI Capital and SavATree. The company’s services include lawn and tree protection and enhancement services along with Christmas decor lighting for both residential and commercial customers.
SavATree has been servicing the Western region, Mid-Atlantic, Northeast and Midwest for more than 30 years. Daniel Van Starrenburg, SavATree CEO, said, “Our growth is largely a reflection of SavATree’s reputation in the communities we serve and within our industry. We are excited to welcome the Swingle team to the SavATree family. By unifying our
similar cultures and building density in the Colorado marketplace, we see great benefits for both customer landscapes and employee opportunities. SavATree is passionate about the care of landscapes and delighted to partner with such a rich history and commitment to the environment.”
ABOUT THE FORBES M+A GROUP
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm has a capital formation group and also serves buyers and sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth to maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries.
For more information on this transaction, please contact Bill Nack, Partner and Managing Director at The Forbes M+A Group.