- As part of the transaction, the existing owners and management teams will have an equity stake in Turf Masters Lawn Care Services
- Andy Kadrich, the founder of Turf Masters, will lead the company as CEO
- CenterOak’s investment will provide capital to support Turf Masters Lawn Care Services
CenterOak Partners LLC has formed Atlanta-based Turf Masters Lawn Care Services, Inc, a residential lawn services platform. The new company was created via the merging of Turf Masters Lawncare, All Turf and Green Group. No financial terms were disclosed.
As part of the transaction, the existing owners and management teams will continue to be active and will have an equity interest in Turf Masters Lawn Care Services. Andy Kadrich, the founder of Turf Masters, will lead the company as CEO. CenterOak’s investment will provide capital to support the growth of the newly formed entity.
Turf Masters Lawn Care Services provides recurring lawn, tree, and shrub care services to over 100,000 customers annually, helping homeowners maximize turf and soil health through fertilization, seeding, aeration, weed control and exterior pest programs.
“Turf Masters, All Turf, and Green Group are high performing, leading residential lawn businesses led by strong local management teams focused on best-in-class customer service,” said Jason Sutherland, co-managing partner of CenterOak, in a statement. “CenterOak has a long history of partnering with talented teams to support rapid growth in highly fragmented industries. We look forward to expanding the Company’s customer base, increasing service offerings, and recruiting additional strong local market leaders to join our new platform.”
CenterOak Partners invests in middle market companies. CenterOak and its partners have managed over $2.4 billion of equity capital commitments and have completed more than 100 transactions, representing over $7.5 billion in value.