Trending...
- UK Financial Ltd Announces A Special Board Meeting Today At 4PM: Orders MCAT Lock on CATEX, Adopts ERC-3643 Standard, & Cancels $0.20 MCOIN for $1
- Melospeech Inc. Accepts Nomination for HealthTech Startup of the Year
- KIKO NATION TOKEN (Official Release)
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Island Plant Company, LLC, a premiere resort and condominium landscaping company in Maui, Hawaii. Terms of the transaction were not disclosed.
Founded in 1986 by Thom and Beverly Foster, Island Plant Company provides landscape maintenance, installation, and design services to Maui's AOAO (Association of Apartment Owners) and resort properties located throughout West Maui, South Maui, and Upcountry. Over the years, Island Plant has installed and designed landscapes throughout Maui's resort areas, including Ka'anapali Golf Estates, Pineapple Hill, Plantation Estates, Honolua Ridge, Wailea Golf Vistas, Wailea Golf Estates, and Wailea Highlands.
Island Plant is the most recent Hawaii-based landscaping company acquisition for BrightView. In 2022, BrightView acquired SGS Hawaii and Performance Landscapes.
"As we continue to execute upon our long-term growth strategy, Hawaii's commercial landscaping business is rapidly expanding and Island Plant's expertise perfectly complements and strengthens our operations in this market," said Andrew Masterman, BrightView President and Chief Executive Officer. "Thom and Beverly's dedication and passion for landscaping is reflected in the reputation Island Plant has earned for designing, installing, and maintaining beautiful landscapes and we're pleased to welcome them and their team to the BrightView family."
More on The PennZone
"For over 35 years, Island Plant has proudly served Maui's business community. As we looked to the future, we felt merging with BrightView was the right step for Island Plant," said Thom Foster. "BrightView's culture, systems, and resources made them the best answer for our succession, our clients, and our people."
BrightView Development Services has been a licensed landscape and irrigation contractor in Hawaii since 2008. In addition to renovating the Hualalai Four Seasons in Kona following a tsunami in 2011, BrightView also restored the irrigation system for the Hilton Waikoloa Village and Resort and performed landscape architecture work at the Four Seasons Maui.
About BrightView
BrightView (NYSE: BV), the nation's largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit www.BrightView.com and connect with us on Twitter, Facebook, and LinkedIn.
More on The PennZone
Forward-Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding results of operations from companies we acquire and other financial and operating information. You can identify these forward-looking statements by the use of words such as "believes," "guidance," "target," "expects," "potential," "continues," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and factors, including the following: BrightView may not be able to achieve the anticipated benefits of the acquisition transaction, including revenue, profits, growth and opportunities for synergies; BrightView may be unable to successfully implement integration strategies; results of operations may be lower than expected; operating costs, customer loss, and business disruption may be greater than expected; and BrightView may assume unexpected risks and liabilities. Additional factors that could cause BrightView's results to differ materially from those described in the forward-looking statements can be found under "Item 1A. Risk Factors" in our Form 10-K for the fiscal year ended September 30, 2022, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. Any forward-looking statement made in this press release speaks only as of the date on which it was made. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Contacts
David Freireich, VP of Communications & Public Affairs
David.Freireich@BrightView.com
484-567-7244
Faten Freiha, VP of Investor Relations
Faten.Freiha@BrightView.com
484-567-7148
Founded in 1986 by Thom and Beverly Foster, Island Plant Company provides landscape maintenance, installation, and design services to Maui's AOAO (Association of Apartment Owners) and resort properties located throughout West Maui, South Maui, and Upcountry. Over the years, Island Plant has installed and designed landscapes throughout Maui's resort areas, including Ka'anapali Golf Estates, Pineapple Hill, Plantation Estates, Honolua Ridge, Wailea Golf Vistas, Wailea Golf Estates, and Wailea Highlands.
Island Plant is the most recent Hawaii-based landscaping company acquisition for BrightView. In 2022, BrightView acquired SGS Hawaii and Performance Landscapes.
"As we continue to execute upon our long-term growth strategy, Hawaii's commercial landscaping business is rapidly expanding and Island Plant's expertise perfectly complements and strengthens our operations in this market," said Andrew Masterman, BrightView President and Chief Executive Officer. "Thom and Beverly's dedication and passion for landscaping is reflected in the reputation Island Plant has earned for designing, installing, and maintaining beautiful landscapes and we're pleased to welcome them and their team to the BrightView family."
More on The PennZone
- Strong Revenue Gains, Accelerating Growth, Strategic Hospital Expansion & Uplisting Advancements: Cardiff Lexington Corporation (Stock Symbol: CDIX)
- Holiday Decorations Most Likely to Cause Injuries
- UK Financial Ltd Confirms Official Corporate Structure of the Maya Preferred Project and Its Dual-Class Token System
- Zac Arbitman Elected As Co-Chair of Philadelphia Bar Association Federal Courts Committee
- CCHR Florida Joins Global Call to Ban Electroshock Treatment, Citing New Evidence of Widespread Patient Harm
"For over 35 years, Island Plant has proudly served Maui's business community. As we looked to the future, we felt merging with BrightView was the right step for Island Plant," said Thom Foster. "BrightView's culture, systems, and resources made them the best answer for our succession, our clients, and our people."
BrightView Development Services has been a licensed landscape and irrigation contractor in Hawaii since 2008. In addition to renovating the Hualalai Four Seasons in Kona following a tsunami in 2011, BrightView also restored the irrigation system for the Hilton Waikoloa Village and Resort and performed landscape architecture work at the Four Seasons Maui.
About BrightView
BrightView (NYSE: BV), the nation's largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit www.BrightView.com and connect with us on Twitter, Facebook, and LinkedIn.
More on The PennZone
- BoxingRx Announces Full Gym Renovation Ahead of New Ownership's One-Year Anniversary
- UK Financial Ltd Announces It's Official Corporate Headquarters In The United Kingdom
- Rigani Press Announces Breakthrough Book for Health IT and Medical Leaders to Forge the Road to Responsible AI
- Twin Flame Visions Announces Surge in Traffic and Engagement Following Breakout Ad Performance
- FreeTo.Chat - The bold, Anonymous Confession Platform, ushers in a new era of tension relief
Forward-Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding results of operations from companies we acquire and other financial and operating information. You can identify these forward-looking statements by the use of words such as "believes," "guidance," "target," "expects," "potential," "continues," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and factors, including the following: BrightView may not be able to achieve the anticipated benefits of the acquisition transaction, including revenue, profits, growth and opportunities for synergies; BrightView may be unable to successfully implement integration strategies; results of operations may be lower than expected; operating costs, customer loss, and business disruption may be greater than expected; and BrightView may assume unexpected risks and liabilities. Additional factors that could cause BrightView's results to differ materially from those described in the forward-looking statements can be found under "Item 1A. Risk Factors" in our Form 10-K for the fiscal year ended September 30, 2022, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. Any forward-looking statement made in this press release speaks only as of the date on which it was made. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Contacts
David Freireich, VP of Communications & Public Affairs
David.Freireich@BrightView.com
484-567-7244
Faten Freiha, VP of Investor Relations
Faten.Freiha@BrightView.com
484-567-7148
Filed Under: Business
0 Comments
Latest on The PennZone
- Finland's Gambling Reform Promises "Single-Click" Block for All Licensed Sites
- Private Keys Are a Single Point of Failure: Security Advisor Gideon Cohen Warns MPC Technology Is Now the Only Defense for Institutional Custody
- Compliance Is the Ticket to Entry: Legal Advisor Gabriela Moraes Analyzes RWA Securitization Paths Under Brazil's New Legislation
- Coalition and CCHR Call on FDA to Review Electroshock Device and Consider a Ban
- Spark Announces 2025 Design Award Winners
- NEW Luxury Single-Family Homes Coming Soon to Manalapan - Pre-Qualify Today for Priority Appointments
- Together We Dance Shines at Newtown Holiday Parade
- Dominic Pace Returns to the NCIS Franchise With Guest Role on NCIS: Origins
- Anderson Periodontal Wellness Attends 5th Joint Congress for Ceramic Implantology
- UK Financial Ltd Completes Full Ecosystem Conversion With Three New ERC-3643 SEC-Ready Tokens As MCAT Deadline Closes Tonight
- AI Real Estate Company Quietly Building a National Powerhouse: reAlpha Tech Corp. (N A S D A Q: AIRE)
- Inkdnylon Expands National Uniform Embroidery Services
- Appliance EMT Expands Appliance Repair Services to Portland, OR and Vancouver, WA
- Next Week: The World's Best Young Pianists Arrive in Music City for the 2025 Nashville International Chopin Piano Competition
- Revenue Optics Builds Out Its Dedicated Sales Recruiting Firm with Strategic Addition of Christine Schafer
- Hydrofast Elevates the Holiday Season: The C100 Countertop RO System Merges Smart Tech with Wellness for the Perfect Christmas Gift
- Melospeech Inc. Accepts Nomination for HealthTech Startup of the Year
- Flower City Tattoo Convention Draws Record Attendance in Rochester, NY
- KIKO NATION TOKEN (Official Release)
- Verb™ Presents Features Vanguard Personalized Indexing: Utilizing Advanced Tax-Loss Harvesting Technology