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ValleyCrest Companies
announced today that it has acquired Tropics North Landscaping,
Inc., a highly-respected landscape install-ation and maintenance
firm head-quartered in Homestead, Florida. Financial terms of the
deal were not disclosed.
Tropics North, founded in 1972 by Josh
and Nat Rutter, is run today by Owner and President, Charles
Gonzalez, who joined the company in 1991. Providing both
landscape installation and maintenance services to customers
across south Florida and the Bahamas, Tropics North was recently
ranked by industry trade publication, Lawn & Landscape, as the
30th largest landscape company in the United States. Among its
many distinctions was its 2006 recognition by the Professional
Landscape Network (PLANET) with a Decade Award. Tropics North is
one of only 16 companies that has received this distinguished
award since 1967. Notable landscape projects in the Florida
marketplace include: Atlantis (Bahamas), Downtown @ the Gardens
(Palm Beach Gardens), Setai (South Beach), Shore Club (South
Beach) and The Loews – (South Beach).
“An extremely successful
landscape company throughout Florida and the Bahamas, Tropics
North is a company we have respected and followed for many
years, and we are very pleased to welcome their employees and
customers to the ValleyCrest family,” said Richard Sperber,
president, ValleyCrest Companies. “Like ValleyCrest, Tropics is
committed to providing the highest quality services to its
customers and to building strong and lasting relationships with
its employees. These shared values formed the basis for our
discussions and will be extremely important as we come together
into one company.”
Charles Gonzalez will assume a significant
and ongoing role with ValleyCrest as Vice President and Regional
Manager.
“Tropics North and ValleyCrest share a common
commitment to do the best for our customers and our employees,”
said Gonzalez. "We are excited about joining ValleyCrest—they
share our passion for delivering the highest quality landscape
services and bringing unmatched technical expertise, resources
and depth of experience to customers throughout the state. I
have been continually impressed by the quality of their work and
their people in the south Florida market."
Sperber added,
“Tropics North has worked with a wide range of customers,
including some of the best property management companies,
developers and builders throughout Florida. Furthermore, their
presence and reputation in the Bahamas gives ValleyCrest a new
landscape construction capability in a market we have yet to
truly penetrate.”
ValleyCrest
Companies is a nationally-recognized multidisciplinary landscape
services firm specializing in landscape architecture, master
planning, design-build, landscape construction, long-term
landscape maintenance, horticultural services, and tree growing
and care. Founded in 1949, ValleyCrest is a $900 million company
employing 10,000 people across the nation in more than 100
offices.
CCG Advisors (www.ccgadv.com)
is an Atlanta-based merger and acquisition firm
specializing in advising owners of privately held
companies on business valuation, strategic growth
planning, capital alternatives and exit strategies. CCG
represents business owners nationally and across all
lines of industry in the sale, recapitalization or ESOP
of their companies. The referrals and goodwill of our
clients are a testament to CCG’s record of building real
and lasting client relationships. CCG is committed to
helping clients achieve their personal, financial and
business goals at the right time for maximum value.
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