AUSTIN, Texas & SAN FRANCISCO--(BUSINESS WIRE)--Serent Capital, a growth-focused private equity firm that invests in founder-led B2B SaaS and technology companies, announced that its portfolio company, Landscape Management Network (LMN), a premier provider of business management software for the landscape industry, has been acquired by SingleOps, a leader in business management solutions for green industry service providers.
Founded in 2009, LMN provides a comprehensive software suite that helps landscaping and snow management businesses streamline operations and drive growth. With Serent Capital’s 2020 investment, LMN expanded its product offerings and market position across North America through strategic initiatives, including enhanced go-to-market strategies and product innovation. Notably, LMN acquired SLICE Technologies to bolster its business management solutions and Greenius training software to enhance training offerings for industry professionals.
"Partnering with the LMN team and supporting their growth journey has been highly rewarding," said Lance Fenton, Partner at Serent Capital. "Through go-to-market expansion, product innovation, and strategic acquisitions, LMN has solidified its leadership in the market. We look forward to their continued success."
The merger will enable SingleOps and LMN to better serve the evolving needs of the green industry, extending their reach and impact across North America.
Serent Capital has a strong track record of investing in field services technology companies, having partnered with over a dozen innovative businesses in this space to help them scale and succeed. For more information about Serent Capital’s investments, visit serentcapital.com.
About Landscape Management Network (LMN)
Landscape Management Network (LMN) is an industry leader for landscape business software and crew training. Since its founding in 2009, LMN has provided landscapers across North America with the tools they need to build a successful business. Built for landscapers by landscapers, LMN offers a complete suite of software that covers everything from budgeting and job estimates to employee management and education.
LMN has helped tens of thousands of businesses ranging from design companies to national lawn maintenance providers create more than $51 billion worth of estimates, price out more than $25 billion in contracts, capture 78 million individual clock-ins, and manage more than 245,000 employees.
About Serent Capital
Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent’s in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support. Discover how Serent Capital is fueling the growth of innovative companies across a range of industries at www.serentcapital.com.