Wednesday, August 13, 2008
Dallas-based GW Equity sells off Texas Garden Services to private investor
Terms of the deal were not disclosed.
DALLAS — GW Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Texas Garden Services, a Dallas-based specialty landscaping company, to a private investor based in Dallas. The amount of the transaction was not disclosed.
Photo not provided by GW Equity, Texas Gardens
Since 1991, Texas Garden Services, a family-owned business, has provided landscaping for high-end residential customers in the Dallas area. The company retained GW Equity in the summer of 2007 to market the business for sale.
“After seventeen years in the landscaping business, I am ready to explore new ventures, and I am confident I’m leaving the company in good hands,” said Greg Otis, owner of Texas Garden Services. “GW Equity worked closely with me to secure an appropriate buyer and establish an exceptional deal for myself and my employees.”
GW Equity marketed Texas Garden Services widely and received multiple inquiries before identifying a private investor who was interested in applying his managerial and executive experiences to a small business. “From the first meeting, we were confident that the buyer was a good match,” said Kyle Coe, GW Equity managing director for the deal. “We are pleased that we have a deal that benefits both parties and serves the business so well.”
“I’m very happy to have found a high-growth company like Texas Garden Services,” said the investor. “It’s a profitable business, poised for future success. I look forward to building off the company’s strong foundation in the future.”
Source: GW Equity
