Soundcore Capital Partners Expands Into Tree Care Services with TreeServe Formation
In a significant move to diversify its investment portfolio, Soundcore Capital Partners, LP, a private equity firm based in New York, has announced the creation of TreeServe, LLC. This new venture marks the 12th platform for Soundcore, showcasing its strategy to tap into the burgeoning tree care and plant health sector. The announcement comes following Soundcore's investment in two well-established tree care companies, Princeton Tree Care based in New Jersey and Clauser Tree Care located in Pennsylvania.
A Strategic Partnership
Founded in 2013 by Tim Bruchez, Princeton Tree Care offers a range of tree-related services including trimming, pruning, stump removal, and emergency response for tree and storm-related issues. On the other hand, Clauser Tree Care, created over three decades ago by Steve Clauser, has built a reputation for similar services in eastern Pennsylvania. Both companies are known for their exceptional customer service and professionalism, laying a solid foundation for the newly formed TreeServe.
Jarrett Turner, Managing Partner and Founder of Soundcore, expressed his excitement about the new venture. He stated, "We are thrilled to introduce TreeServe into our portfolio, entering the dynamic tree care sector. After thorough market research and planning, we believe that this area is primed for consolidation and sustained growth."
A Commitment to Growth
The newly formed TreeServe aims to expand its presence primarily throughout the Northeast, Southeast, and Midwest regions of the United States, focusing on high-growth metropolitan areas. This strategy aligns with Soundcore's goal of acquiring businesses that provide essential services while enhancing their operational effectiveness.
Tim Bruchez, the founder of Princeton, described the partnership positively, stating, "We have always strived to provide exemplary service and create opportunities for our employees. Joining forces with Soundcore will allow us to reach new customers, strengthen our service capabilities, and provide further career development opportunities to our team."
Future Potential
Steve Clauser echoed similar sentiments, expressing optimism about the potential of the partnership. "With Soundcore's support, Clauser Tree Care will elevate its service offerings and maintain the quality that our customers expect," he said.
Soundcore's investment philosophy emphasizes the importance of building a strong brand through market-leading customer service and professional development within the industry. Jeff Long, a partner at Soundcore, highlighted the increasing demand for exterior home care services, noting that these trends will help boost customer engagement and spending in the tree care market.
Financing and Support
For the establishment of TreeServe, O2 Sponsor Finance, a division of Old Second National Bank, facilitated the senior secured credit facilities. This support reflects ongoing confidence in Soundcore and TreeServe’s growth trajectory.
While detailed terms of the transactions remain undisclosed, it’s clear that both Princeton and Clauser Tree Care are poised for a promising future under the umbrella of TreeServe. As a newly created platform in the tree care industry, TreeServe not only emphasizes superior service in tree health but also aims to foster a culture that values employee growth and community involvement.
With a commitment to making a significant impact within their communities, TreeServe is set to navigate the evolving landscape of tree care with innovation and resilience. TreeServe provides a window into a future where tree care not only contributes to the aesthetics of neighborhoods but also plays a critical role in environmental health.
For more details about Princeton Tree Care and its offerings, visit
www.princetontreecare.com and for Clauser Tree Care,
www.clausertreecare.com.