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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 […]
If as an owner, you donāt like the idea of your companyās culture and purpose changing after you sell the business, youāre not alone. This is what prompted Dave Mazanowski, founder of Mainscape, based in Fishers, Indiana, to establish a purpose trust to sustain the companyās mission and vision in perpetuity. āWhen you’re with […]
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 […]
When it comes to exit plans, ESOPs are often overlooked. Yet Larry Ryan, founder and chairman of Ryan Lawn & Tree, made the bold decision to sell the company to his employees just 11 years after its founding. He wanted to grow the business to $100 million by 2030 by creating a team of long-term, […]
In a perfect world, youāll be able to decide exactly when you want to exit the business, and your team will be well prepared for this change. However, life rarely goes according to plan, which is why you need to develop your strategy for succession early on. Chris Psencik, partner and vice president of […]
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 […]
