Terracare Associates (www.myterracare.com) is a Denver, Colorado-based outdoor maintenance service company, providing a full range of landscape and infrastructure services to commercial customers and governmental authorities in the western U.S. The Company offers a broad range of services that are critical to its customers, including contracted landscape maintenance, landscape enhancements, irrigation, and snow removal. Terracare also offers contracted public works services, such as asphalt and concrete repair, sign replacement, and emergency response to municipal customers. Terracare operates multiple branches throughout California, Texas, and Colorado.
Terracare participates in both the $78+ billion U.S. landscape services and $200+ billion U.S. municipal public works industries. The market for landscape maintenance and public works services is expected to grow steadily over the next several years, and is not typically correlated to economic cycles, as commercial businesses and governmental authorities must maintain their properties to retain and attract new clients and provide basic public services for their citizens.
Prestwick Partners initiated this transaction and acted as the exclusive financial advisor to Terracare and Progress Equity Partners, a private equity firm with offices in Dallas and Denver. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with Monarch Landscape Holdings and One Rock Capital Partners. Prestwick’s process included private equity groups and strategic acquirers.