ClearLight Partners has acquired a majority stake in Moore Landscapes, a provider of landscape installation, maintenance, enhancement and snow services in and around the Chicago area. No financial terms were disclosed. CCG Advisors advised Moore Landscapes on the investment.
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Private investment firm ClearLight Partners announced today that it has made a majority investment in Moore Landscapes, a premier Chicagoland provider of landscape installation, maintenance, enhancement, and snow services, as well as interior plant maintenance. Eric and Victor Moore, long-time owners of the Company, remain equity holders and Board members. Financial terms of the transaction were not disclosed. In connection with the investment, Joel Korte, formerly senior executive with commercial landscape services firm the Brickman Group, also invested in the Company and was appointed Moore Landscapes’ CEO, complementing Moore’s highly tenured and experienced management team.
Victor Moore commented, “My family has beautified Chicago landscapes and served the Chicago community since 1948, for nearly seventy years. It has been a terrific journey and we are very proud of the organization we have built. We have come to know and respect the ClearLight team and Joel Korte, who have a long-term, customer-focused view, and values very consistent with our own, and we look forward to working with them to continue to grow the Company.”
Andrew Brennan, Partner at ClearLight and former senior executive at commercial landscape services firm ValleyCrest Companies, stated, “Partnering with Moore Landscapes is very exciting for us. Moore has a nearly seventy-year legacy of success in the Chicago market based upon its high integrity culture and a strong focus on taking care of its customers and its people. Victor and Eric Moore have built a great organization and we believe the Company is well positioned for continued growth and success. We believe Joel Korte is a fabulous addition to an already talented team and look forward to supporting him and the entire team.”
“Moore Landscapes has long had a culture of going above and beyond to serve its clients, which has created an outstanding reputation and strong trust-based relationships with a discriminating customer base,” said Joel Korte, the incoming CEO for Moore. “The management team and field teams have incredible tenure and experience and a reputation for delivering consistently high quality service. I’m thrilled to have the opportunity to work with such a highly skilled team and to contribute to the next stage of growth of Moore.”
Michael S. Kaye, Managing Partner at ClearLight, added, “We are impressed with Moore Landscapes’ reputation. We are excited about the landscape industry and to partner with Joel and the rest of the team to continue to expand the positive impact Moore has had on the customers and communities it serves.”
Moore Landscapes was advised by CCG Advisors, led by Brian Corbett.
About Moore Landscapes
Moore Landscapes provides landscape installation, maintenance, snow, and interior services in and around Chicago, IL. Moore Landscapes was founded in 1948 by Floyd Moore and has been led by Floyd’s sons, Victor and Eric Moore, since the 1980s. Moore Landscapes is based in Northbrook, IL. For more information, please visit http://www.moorelandscapes.com/.
About ClearLight Partners
ClearLight Partners is a private investment firm located in Newport Beach, CA, with $900 million of assets under management. The team at ClearLight has extensive operating and financial management experience, and invests in and contributes to the expansion of established and profitable businesses. ClearLight focuses on investments in middle-market companies with strong management teams and significant growth potential. For more information, visit www.clearlightpartners.com.
About CCG Advisors
CCG Advisors is an advisory firm with a unique focus on helping business owners maximize the value of their single largest asset – their business. CCG Advisors works exclusively for the owners of privately held companies on the planning and implementation of strategies proven to increase the odds of achieving goals. CCG Advisors specializes in helping business owners attract growth capital, acquire other companies, and achieve shareholder liquidity. For more information, visit http://www.ccgadv.com/.