12/12/2024
Citizens Serves as Exclusive Financial Advisor to Bland Landscaping on its Sale to Comvest Partners
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Bland Landscaping, a leading commercial landscaping platform, on its sale to Comvest Partners. Bland was previously a portfolio company of Prospect Partners, a Chicago-based middle-market private equity firm. Bland CEO Kurt Bland and Bland CFO and COO Matt Bland will continue to lead Bland Landscaping alongside its management team.
Founded in 1976 and headquartered in Apex, N.C., Bland provides a comprehensive suite of maintenance-oriented landscaping services to more than 2,300 commercial customers across North and South Carolina annually.
“We are appreciative of the Citizens team’s dedication and support throughout the transaction process,” said Brad O’Dell of Prospect Partners. “Their ability to craft and communicate a compelling story to the market as well as manage a robust, competitive process drove a successful outcome for Prospect and Bland.”
“The Citizens team provided sage counsel and significant leverage to our company at a critical inflection point,” said Kurt Bland. “Their knowledge of the industry, market dynamics and deep buyer relationships proved vital in finding the best partner for Bland and we are grateful for their efforts.”
“Through our expertise in commercial landscaping and broader facility services, we were able to help Bland find a tremendous partner in Comvest that aligns well with management’s vision for the future,” said Citizens M&A Advisory Director Robert Womble. “Bland is an exceptional platform poised for continued growth and we look forward to following their success.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.7 billion in assets as of September 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and more than 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.
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