Berkshire Private Equity has made more than 130 private equity investments since its inception and has a strong history of partnering with management teams to grow the companies in which it invests. Summit Park was co-founded by partners Bob Calton and Jim Johnson in 2006 and is headquartered in Charlotte, NC.īerkshire Partners, a Boston-based firm, has 35 years of investment history. Sectors of interest include business and consumer services, light manufacturing and value-added distribution. and have revenues between $20 and $100 million and EBITDAs between $4 million and $12 million. Summit Park invests in lower middle market companies that have operations primarily based in the Eastern half of the U.S. The company's differentiated consumer experience is disrupting traditional channels in its large and steadily growing category. Fast Growing Trees sources its products from a geographically diverse network of trusted suppliers and has built a reputation in the marketplace for offering high-quality products and superior customer service.
The company provides customers with a best-in-class e-commerce experience and access to more than 1,200 varieties of trees, plants, and shrubs that are available for nationwide home delivery, typically within three days of placing an order. Execution excellence leads to premium valuation: William Blair’s team managed a highly competitive, accelerated process, driving an exceptional, pre-emptive outcome for Fast Growing Trees, with Berkshire differentiating themselves through speed and expedited diligence.įast Growing Trees offers consumers a broad variety of high-quality trees and shrubs through its branded websites, , and.Unmatched buyer relationships and insights: William Blair’s highly relevant and unique insights with the most likely buyers enabled the team to provide differentiated intelligence for a highly customized and efficient process.Deep sector and product expertise: Fast Growing Trees and Summit Park recognized William Blair’s extensive knowledge and experience advising market-disrupting consumer products companies and ability to clearly articulate those compelling growth stories to investors.The transaction was signed on Jand closed on September 13, 2021.
Cove Hill Partners will also participate in the transaction as a minority investor. William Blair acted as financial advisor to Fast Growing Trees, a portfolio company of Summit Park Partners, LP (“Summit Park”), in connection with its sale to Berkshire Partners.
0 kommentar(er)
