WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Private Equity (“Comvest”), a leading middle-market private equity investment group, is pleased to announce the recapitalization of Bland Landscaping (“Bland”), an Apex, N.C.-based regional provider of commercial landscaping services.
Founded in 1976, Bland provides a comprehensive suite of premium landscaping maintenance and enhancement services to commercial clients across diverse end markets spanning homeowners associations, multifamily properties, Class A offices, industrial centers, and municipalities across North and South Carolina. Bland is a leading landscaping services provider in the Carolinas, having completed seven complementary acquisitions since 2019, and employs more than 700 employees across 12 branch locations. The company will continue to be led by its current management team, including Kurt Bland, Chief Executive Officer, and Matt Bland, Chief Financial Officer and Chief Operating Officer.
“We are excited to welcome Bland to the Comvest Private Equity portfolio and to partner with an exceptional leadership team,” said Maneesh Chawla, Managing Partner of Comvest. “Bland exemplifies our investment approach of backing strong management teams of companies within our core industry verticals who can benefit from Comvest’s financial and operational resources to drive scale.”
“Bland has successfully executed on its vision to become a recognized market leader,” added Matt Kunz, a Principal of Comvest. “We believe the company has significant runway for further organic and acquisitive growth across the Southeast. Bland brings both an impressive track record of performance and a reputation for consistently delivering high-quality service.”
“We are thrilled to be working with Comvest, with its history of successful partnerships with family-led companies, specialized experience in the field services space, and support of acquisitive strategies,” said Kurt Bland. “The Comvest team shares our commitment to investing in our people and infrastructure so we can continue to innovate our service offering and broaden our reach.”
Citizens M&A Advisory served as financial advisor to Bland in connection with the transaction. TM Capital served as financial advisor and Akerman LLP served as legal advisor to Comvest.
About Bland Landscaping
Bland Landscaping is a regional commercial and estate landscape management and contracting business headquartered in Apex, N.C. Best known for its horticultural landscaping and grounds management work, Bland Landscaping also performs contract care of memorial gardens, parks, and estate grounds alongside stormwater and pond management services. Led by a team of seasoned industry leaders, Bland Landscaping has been recognized with numerous industry awards and noted for its commitment to the industry and to local communities. For more information, please visit: https://blandlandscaping.com.
About Comvest Private Equity
Comvest Private Equity is the private equity strategy of Comvest Partners, a leading private equity and credit investment firm with $12.9 billion of assets under management and over $14.4 billion invested since its inception in 2000. Based in West Palm Beach, Comvest Private Equity pursues control investments in leading middle-market companies that can benefit from the strategy’s financial sponsorship, strategic guidance, and operating resources to build businesses for lasting growth. Committed to the principles of partnership and collaboration, Comvest Private Equity’s investment professionals bring deep industry expertise, significant transaction experience, and a broad network of industry relationships to their work with management to execute strategic initiatives focused on driving growth and operational improvement in the core business. For more information, please visit https://comvest.com/private-equity.
