{"id":727017,"date":"2023-01-31T06:33:10","date_gmt":"2023-01-31T11:33:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brightview-acquires-island-plant-company\/"},"modified":"2023-01-31T06:33:10","modified_gmt":"2023-01-31T11:33:10","slug":"brightview-acquires-island-plant-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brightview-acquires-island-plant-company\/","title":{"rendered":"BrightView Acquires Island Plant Company"},"content":{"rendered":"

<\/p>\n

BrightView Acquires Island Plant Company<\/b><\/p>\n

BLUE BELL, Pa.–(BUSINESS WIRE<\/a>)–BrightView<\/a> Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Island Plant Company, LLC, a premiere resort and condominium landscaping company in Maui, Hawaii. Terms of the transaction were not disclosed.\n<\/p>\n

\nFounded in 1986 by Thom and Beverly Foster, Island Plant Company<\/a> provides landscape maintenance, installation, and design services to Maui\u2019s AOAO (Association of Apartment Owners) and resort properties located throughout West Maui, South Maui, and Upcountry. Over the years, Island Plant has installed and designed landscapes throughout Maui\u2019s resort areas, including Ka\u2019anapali Golf Estates, Pineapple Hill, Plantation Estates, Honolua Ridge, Wailea Golf Vistas, Wailea Golf Estates, and Wailea Highlands.\n<\/p>\n

\nIsland Plant is the most recent Hawaii-based landscaping company acquisition for BrightView. In 2022, BrightView acquired SGS Hawaii<\/a> and Performance Landscapes<\/a>.\n<\/p>\n

\n\u201cAs we continue to execute upon our long-term growth strategy, Hawaii\u2019s commercial landscaping business is rapidly expanding and Island Plant\u2019s expertise perfectly complements and strengthens our operations in this market,\u201d said Andrew Masterman, BrightView President and Chief Executive Officer. \u201cThom and Beverly\u2019s dedication and passion for landscaping is reflected in the reputation Island Plant has earned for designing, installing, and maintaining beautiful landscapes and we\u2019re pleased to welcome them and their team to the BrightView family.\u201d\n<\/p>\n

\n\u201cFor over 35 years, Island Plant has proudly served Maui\u2019s business community. As we looked to the future, we felt merging with BrightView was the right step for Island Plant,\u201d said Thom Foster. \u201cBrightView\u2019s culture, systems, and resources made them the best answer for our succession, our clients, and our people.\u201d\n<\/p>\n

\nBrightView Development Services has been a licensed landscape and irrigation contractor in Hawaii since 2008. In addition to renovating the Hualalai Four Seasons in Kona following a tsunami in 2011, BrightView also restored the irrigation system for the Hilton Waikoloa Village and Resort and performed landscape architecture work at the Four Seasons Maui.\n<\/p>\n

About BrightView<\/b><\/p>\n

\nBrightView (NYSE: BV<\/a>), the nation\u2019s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners’ associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit www.BrightView.com<\/a> and connect with us on Twitter<\/a>, Facebook<\/a>, and LinkedIn<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding results of operations from companies we acquire and other financial and operating information. You can identify these forward-looking statements by the use of words such as \u201cbelieves,\u201d \u201cguidance,\u201d \u201ctarget,\u201d \u201cexpects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d \u201cestimates,\u201d \u201canticipates\u201d or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and factors, including the following: BrightView may not be able to achieve the anticipated benefits of the acquisition transaction, including revenue, profits, growth and opportunities for synergies; BrightView may be unable to successfully implement integration strategies; results of operations may be lower than expected; operating costs, customer loss, and business disruption may be greater than expected; and BrightView may assume unexpected risks and liabilities. Additional factors that could cause BrightView\u2019s results to differ materially from those described in the forward-looking statements can be found under \u201cItem 1A. Risk Factors\u201d in our Form 10-K for the fiscal year ended September 30, 2022, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the SEC\u2019s website at www.sec.gov<\/a>. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the SEC. Any forward-looking statement made in this press release speaks only as of the date on which it was made. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230127005448\/en\/<\/a><\/span><\/p>\n

\nDavid Freireich, VP of Communications & Public Affairs
\n
David.Freireich@BrightView.com
\n<\/a>
484-567-7244\n<\/p>\n

\nFaten Freiha, VP of Investor Relations
\n
Faten.Freiha@BrightView.com
\n<\/a>
484-567-7148\n<\/p>\n

KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Construction & Property Landscape<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

BrightView Acquires Island Plant Company BLUE BELL, Pa.–(BUSINESS WIRE)–BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Island Plant Company, LLC, a premiere resort and condominium landscaping company in Maui, Hawaii. Terms of the transaction were not disclosed. Founded in 1986 by Thom and Beverly Foster, Island Plant Company provides landscape maintenance, installation, and design services to Maui\u2019s AOAO (Association of Apartment Owners) and resort properties located throughout West Maui, South Maui, and Upcountry. Over the years, Island Plant has installed and designed landscapes throughout Maui\u2019s resort areas, including Ka\u2019anapali Golf Estates, Pineapple Hill, Plantation Estates, Honolua Ridge, Wailea Golf Vistas, Wailea Golf Estates, and Wailea Highlands. Island Plant … <\/p>\n

Continue reading “BrightView Acquires Island Plant Company”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-727017","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBrightView Acquires Island Plant Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brightview-acquires-island-plant-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BrightView Acquires Island Plant Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BrightView Acquires Island Plant Company BLUE BELL, Pa.–(BUSINESS WIRE)–BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Island Plant Company, LLC, a premiere resort and condominium landscaping company in Maui, Hawaii. Terms of the transaction were not disclosed. Founded in 1986 by Thom and Beverly Foster, Island Plant Company provides landscape maintenance, installation, and design services to Maui\u2019s AOAO (Association of Apartment Owners) and resort properties located throughout West Maui, South Maui, and Upcountry. Over the years, Island Plant has installed and designed landscapes throughout Maui\u2019s resort areas, including Ka\u2019anapali Golf Estates, Pineapple Hill, Plantation Estates, Honolua Ridge, Wailea Golf Vistas, Wailea Golf Estates, and Wailea Highlands. 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