Tue, 28 Mar 2023 | BUSINESS SALE
UK Landscapes, a private equity-backed landscaping firm based in Cheshire, has announced its third acquisition in two years and revealed it is set to pass £20 million in turnover within the next year. The company, which was backed by Mercia in 2021, has acquired Wiltshire-based Cut N Clear (CNC) for an undisclosed sum.
Following the takeover, CNC owner Dave Gordon, who founded the company 20 years ago, will retire. The acquisition follows UK Landscapes’ takeovers of Northwich-based Mid-Cheshire Maintenance in 2021 and Glasgow firm Euan Weir Landscaping last year.
UK Landscapes was founded in 1997 and serves blue-chip clients nationwide through its own bespoke software platform, which provides clients with real time management information. The company’s customers include Aldi, Lidl, Thames Water, Marks & Spencer, Shell, Asda, John Lewis Partnership and Santander.
Since receiving backing from Mercia in 2021, the company has increased its turnover by more than 30 per cent a year to £16 million and is set to pass £20 million in turnover. The past year has also seen the company enter several new markets through contract wins. These have included maintaining 60 sites for care home group St John’s Care Trust, 50 sites for Sussex and Surrey Police and 500 sites for Progress Housing and Grand Union Housing.
Commenting on the company’s latest acquisition, UK Landscapes Managing Director Leigh Preston said: “The acquisition of CNC will strengthen our footprint in and around the South West and integrate us into the local housing sector.”
Regarding the firm’s future plans, Preston added: “With Mercia’s backing, we will continue our growth journey through a combination of acquisitions and organic growth whilst retaining our ‘family business’ ethos and continuing to directly employ 95 per cent of our delivery team.”
“We believe there is a real opportunity to disrupt the landscaping sector and create a sustainable and reliable operator offering consistently high levels of service. Our aim is to become the leading partner in the ‘green services’ sector.”
Mercia Investment Manager Alex Hirst commented: “UK Landscapes has been transformed from a family-run regional business to a national operator that is successfully competing with the big market players.”
“Leigh and his team have done a great job in driving steady growth while maintaining their eye for detail and track record for strong customer service. UK Landscapes expects to move up the ladder and increase its market share to establish itself as a leading name within the industry.”
Read about another services sector firm that has expanded through M&A.
Find out about driving M&A growth with private equity funding.
If you are looking for an exit, we can help!
Renowned interior design and furnishings business, typically operating along the South Coast, includes home counties, and up to the M4 corridor. Typically working with the smaller developers in respect of new build developments, with recommendations...
Established in 1996, this business started as a hair salon and in 2000 had expanded into the premises next door and the flat above.
With an impressive 70 year track record of industry experience, the company caters to both trade customers and the general public. Holding essential licenses, including a Waste Disposal Licence, a Scrap Metal Dealers Licence, and classification as a...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.