#United States #Neuberger Berman #Yellowstone Landscape #Harvest Partners #Bunnell

Yellowstone Landscape Welcomes Investment from Neuberger Berman

Yellowstone Landscape, Inc., a premier provider of commercial landscaping services in the U.S., has recently announced a significant minority investment from Neuberger Berman Capital Solutions (NBCS). This move marks a strategic alliance aimed at enhancing its growth trajectory in the competitive landscaping market.

Investment Overview

According to reports from December 23, 2024, the investment will allow NBCS, acting on behalf of its client funds, to acquire a substantial minority stake in the company. Meanwhile, Harvest Partners, a distinguished private equity firm based in New York, will continue to maintain majority ownership of Yellowstone.

The partnership with NBCS is seen as a critical maneuver for Yellowstone. President and CEO Harry Lamberton expressed optimism about this new collaboration, stating, "We are excited to welcome NBCS as a partner in Yellowstone. Together, we will strive for excellence in commercial landscaping services across the nation." This investment is expected to propel Yellowstone into further growth, as it seeks to maximize both customer satisfaction and career growth opportunities for its employees.

Strategic Goals

With the backing of NBCS and Harvest Partners, Yellowstone Landscape plans to concentrate on five key business priorities. These include enhancing service offerings, improving operational efficiency, expanding its market footprint, focusing on skilled workforce development, and ensuring exceptional customer service. J.T. Munch, Managing Director at NBCS, commented on their decision to invest, citing Yellowstone's unique standing in the market as a significant factor: "Yellowstone has long stood out as a differentiated, industry-leading company providing critical services with demand that is supported by long-term trends."

In addition to landscape management, Yellowstone offers various services, including installation, enhancements, tree care, irrigation and water management, as well as snow and ice removal, servicing over 9,000 clients nationwide from its headquarters in Bunnell, Florida.

What Lies Ahead

Stephen Fessler, a partner at Harvest, shared his enthusiasm for this collaboration, noting, "We are very pleased to continue as the lead investor in Yellowstone, supporting the management team in their excellent execution, and welcoming NBCS as a partner." The future appears bright for Yellowstone as it seeks to drive strategic growth while continuing to deliver high-quality services to its diverse client base.

Role of Advisors

The transaction was facilitated with the guidance of various advisory firms. Harris Williams served as the financial advisor for Harvest Partners and Yellowstone, while Ropes & Gray provided legal advising. On the other side of the partnership, Piper Sandler acted as a financial advisor, and Latham & Watkins provided legal counsel for Neuberger Berman Capital Solutions.

About Yellowstone Landscape

Founded to serve the increasing needs of commercial landscaping, Yellowstone Landscape specializes in an extensive array of landscaping services aimed at enhancing outdoor spaces. The company is devoted to employing environmentally-conscious practices while ensuring optimal satisfaction for all clients.

To learn more about Yellowstone Landscape and their services, individuals can visit their official website at Yellowstone Landscape.

About Neuberger Berman and Harvest Partners

Neuberger Berman Capital Solutions is known for its tailored capital solutions aimed at private equity funds, while Harvest Partners has a rich history dating back to 1981 in managing investments in middle-market companies across various sectors. To find out more about their investment strategies, visit Harvest Partners and Neuberger Berman Capital Solutions.