Commercial Tree Care, Inc. Acquired by BrightView
BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the leading commercial landscaping services company in the United States, today announced the acquisition of Commercial Tree Care, Inc. (CTC), a full-service tree care company based in San Jose, Calif. The purchase of CTC followed the sale of BrightView Tree Company to Devil Mountain Nursery of San Ramon, Calif. Terms of the transactions were not disclosed.
Founded in 1992, CTC is a full-service tree care provider specializing in pruning, tree removal, stump grinding, cabling, bracing, fertility treatment, pest and disease control, install and transplant, forestry fire fighting and timber harvesting. The company also consults for development, appraisal, maintenance plans and overall site evaluation.
“The acquisition of Commercial Tree strengthens BrightView’s Maintenance operations in Northern California and positions us to be the foremost tree care service provider in the San Francisco Bay Area,” said President and CEO Andrew Masterman. “The acquisition of CTC followed the sale of BrightView Tree Company, a tree nursery division that typically generated between $25 million and $30 million in revenue. Redeploying assets from our Development segment to our Maintenance segment is consistent with our overall strategic growth plan.”
CTC President Todd Huffman said, “I believe that Commercial Tree Care shares much in common with BrightView and this transaction provides a solid foundation in which to continue our growth in the greater Bay Area. Jointly, we look to leverage strong safety practices, state-of-the art equipment and our talented teams to continue to serve our client base. My team and I are excited about the opportunities that lie ahead.”
Huffman, along with his senior leadership team, will remain with BrightView and continue to run the day-to-day operation of the business.
About BrightView:
BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit www.BrightView.com and connect with us on X (formerly Twitter), Facebook, and LinkedIn.
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