The ServiceMaster Company announced that it has signed a definitive agreement to sell its commercial landscaping business, TruGreen LandCare, to an affiliate of Aurora Capital Group.
ServiceMaster to sell TruGreen LandCare
The ServiceMaster Company, one of the world’s largest residential and commercial service networks, announced today that it has signed a definitive agreement to sell its commercial landscaping business, TruGreen LandCare, to an affiliate of Aurora Capital Group.
TruGreen LandCare is a leading U.S. provider of landscape maintenance services to commercial, industrial and municipal customers. It will continue to offer a comprehensive suite of landscaping services through a network of 60 branches in 17 states. The sale of TruGreen LandCare’s business does not impact ServiceMaster’s TruGreen lawn care unit, which provides residential and commercial lawn, tree and shrub care to 14,000 commercial customers within the United States and Canada.
Anthony DiSimone, Manager Partner of Aurora Resurgence, said, “We are pleased to partner with TruGreen LandCare and its experienced management team, led by Mac McIlvried. We are very excited about the company’s growth prospects as well as its ability to continue to deliver outstanding service to its customers and provide great opportunities for its employees.”
Gerald L. Parsky, Chairman of Aurora Capital Group, said, “TruGreen LandCare is another great addition to the outstanding portfolio of Aurora Capital Group companies. Aurora Capital Group has a long track record of creating value through helping middle market companies achieve their full potential.”
Hank Mullany, chief executive officer of ServiceMaster, said, “Like all companies, we continuously review our businesses to ensure we are maximizing value for our investors by providing outstanding service for our customers. Our decision to sell to Aurora Resurgence allows us to concentrate on our core residential and commercial businesses.”