Metco Landscape, a portfolio company of Westhook Capital, has acquired PGM, a provider of commercial landscape maintenance services.
PGM (Perfection Grounds Maintenance) was founded by its president Dan Pohja more than 30 years ago and is based in Colorado Springs (www.perfectiongrounds.com).
Metco Landscape, acquired by Westhook in September 2018, is a Colorado-based provider of commercial landscape maintenance, development, design, enhancement, and snow removal services. The company, with revenues of $64 million, was ranked as the 26th largest North American lawn care and landscaping company in 2019 by Lawn & Landscape magazine.
Metco operates out of its headquarters in Aurora, CO, with additional branches in Denver, Colorado Springs, and Fort Collins (www.metcolandscape.com).
“PGM is a great company that shares our mission and relentless focus on providing high-quality landscaping services and customer satisfaction,” said Mark Tomko, founder and CEO of Metco. “We are impressed with PGM’s people, reputation, and the positive impact they have had in their community and are excited to partner with Dan Pohja and his team.”
Westhook invests in buyouts of US-based lower middle market companies that have at least $20 million of revenue and EBITDA of $4 million to $15 million. Sectors of interest include consumer, industrial, business services and healthcare services. The Los Angeles-based firm held a final closing of its inaugural fund, Westhook Capital Partners LP, with $140 million in commitments in September 2018 (www.westhook.com).
Ceibass Venture Partners was the financial advisor to PGM on this transaction.
© 2019 Private Equity Professional | August 14, 2019
