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Generational Equity Advises O'Hara Management in Sale to LP First Capital and Centre Partners

By Generational Equity

Nov 10, 2020, 07:00 et

OHara Management

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of O’Hara Management, LLC, to LP First Capital and Centre Partners. The acquisition closed October 9, 2020 and details were not disclosed.

O’Hara Management (O’Hara), located in Orlando, Florida, consists of four different entities primarily providing hardscape, irrigation, and landscape installation services to commercial home builders and developers. It provides landscape maintenance and irrigation monitoring to HOA communities, apartment complexes, and restaurants across central and the west-central coast of Florida.

Founded in 2004, the Company provides management services and back-office support for its four entities. O’Hara has established extensive personal contacts with commercial and residential builders, property management companies, and landscape contractors and nurseries throughout the region.

Each of the entities’ growth and success is driven by an outstanding reputation for providing high-quality landscape design and installation, reliable irrigation services, and healthy plant production, and a strong commitment to customer support. The Company employs 73 full-time and 3 part-time personnel, plus a General Manager, Purchasing Manager, Estimator, and 2 Project Managers.

Located in Austin, Texas, LP First Capital is a lower middle market private equity firm focused on the healthcare, business services and education industry. They specialize in growth capital, platform roll-ups, buyouts, and recapitalizations. Their sweet spot is to partner with founder-led or family businesses and help them scale to the next level by providing industry operational expertise and the right capital structure.

Centre Partners, located in New York, New York, was founded in 1986 and is a longstanding and leading middle market private equity firm. With offices in New York and Los Angeles, they specialize in making control investments in North American based businesses primarily in the consumer and healthcare industries. They seek to partner with experienced management teams who are passionate about their businesses, have meaningful economic stakes in their companies, are looking for more than capital from a financial partner, and with whom they share a common vision for future growth.

Centre Partners joined with independent sponsor LP First Capital to form United Land Services Holdings to consolidate the landscape services sector. United Land Services (ULS) has completed its first five acquisitions with the buys of United Landscapes, Blandford Turf, Tree World, O’Hara and River Region Sports Fields. These acquisitions give ULS operations in three cities in Florida (Jacksonville, Orlando and Port. St. Lucie) and two in Alabama (Birmingham and Montgomery). According to the company, it is now the 5th largest landscape platform in the Southeast.

ULS is led by CEO Bob Blandford who founded both United Landscapes and Blandford Turf.

“Centre is an excellent partner for ULS given its long track record of successfully collaborating with founders and entrepreneurs to scale their businesses,” said Mr. Blandford. “Centre and LP First’s financial and strategic resources will enable us to accelerate our growth trajectory, expand our service capabilities and strengthen our market leadership, allowing us to better serve our customers.”

“Centre is excited to partner with LP First, Bob Blandford and the ULS team,” said Jeff Bartoli, a partner of Centre Partners. “The company is well-positioned to capitalize on favorable industry tailwinds driving increased demand for landscaping services in the Southeast. We look forward to expanding the platform through strategic acquisitions across the region.”

Generational Equity Executive Managing Dir, M&A-Technology Practice Leader, David Fergusson and his team, led by Senior M&A Advisor, Mario Dieckmann, with support from Vice President, Mergers & Acquisitions, Alex Mironov, successfully closed the transaction. Executive Managing Director Edward G. Weber established the initial relationship with O’Hara.

"While the closing process presented unique challenges during this unprecedented COVID-19 period, it was the determination, flexibility, and compatibility of the buyer and seller that ultimately led to the successful transaction," said Dieckmann.

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.  

The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.
Karen S. Williams, CFO, BW Manufacturing
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.
Robert Evans, President and CEO of Mealtracker Dietary Software
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.
Bil MacLeslie, CEO, ipHouse
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging