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If you look at M&A news and think to yourself, āWeāll never sell,ā youāre not alone. Bob Grover, founder and chairman of Pacific Landscape Management, based in Hillsboro, Oregon, also held this mindset for years. Grover had experienced consolidation firsthand as the company he worked for after college, Northwest Landscape Industries, was approached by TruGreen […]
When landscape company owners begin considering their exit strategy, it often comes down to a choice between passing the business on to family members/key employees or selling to private equity. But what if there was a third door? This was the option Mainscapeās founder, Dave Mazanowski, ultimately ended up taking. The company has recently begun a […]
The consequences of being too late for various things in life will vary. Miss the bus? Thatās okay; you can wait for the next one. However, when it comes to exit planning, being too late to build your business into something buyers are interested in can result in the destruction of the value of your […]
Itās a question that might have crossed your mind in the past. When should I create an exit strategy? The common response from industry consultants is ānow.ā Frankly, the day you start your landscape business, you should have an end goal in mind. āThey should be aware that they might get approached on any given […]
Just like how no landscape company is exactly the same as another, there is no one right exit strategy. If you are trying to determine which is the best fit for your organization, check out some of the common paths and the monetary implications of each. Types of Exit Strategies Mergers and acquisitions are one […]
Transitioning out of your business will take place at one point or another, but how successful you are at it will vary greatly. If youāre wondering what your options are when it comes to selling your landscape company, you donāt want to miss the session, ā12-Point Guide to Successful Transitions: Learn from the Expertsā on […]
With frequent mergers and acquisitions occurring in the industry, it can seem like this is the only viable exit strategy for owners who donāt want to close their doors. However, there are still plenty of lawn and landscape businesses that have been passed on to the next generation. In each of these cases, these second-generation […]
Passing the family business on to the next generation comes with its own set of advantages and challenges. These landscape professionals share their experience of taking the helm and advice for others considering this exit strategy. Pricing the Company One tricky aspect passing the business on to family is handling the discussion of how much […]
Sponsored Content If you own a landscaping business and youāre thinking about your exit strategy and how to one day retire, weāve prepared a thorough checklist of all the things youāll need to consider to get ready for the sale of your business. The first question most potential buyers will ask is: ‘Why are you […]
Currently, there are a number of lawn care and landscape company owners who started their business in the late 70s or 80s who are beginning to seriously consider their retirement options. If you are one of these owners, or perhaps someone younger who is wondering when you really need to start working on an exit […]