SB Capital Partners has acquired San Diego, Calif.-based lawn care firm Aerations Only. No financial terms were disclosed. Aerations Only has been renamed as The Lawn Guys.
SAN DIEGO, Oct. 2, 2014 /PRNewswire/ — SB Capital Partners is thrilled to announce its acquisition of Aerations Only Inc. This San Diego based lawn care company has been servicing more than 10,500 households regionally on a regular basis since 1994. Today, SB Capital Partners has stepped in with a mission. “Our mission is to transform this proprietorship into a dominant lawn care enterprise and become a household name. We want to be the one-stop-shop for lawn care and landscaping,” says Daniel Shkolnik, Co-Founder of SB Capital Partners.
Since its inception, Aerations Only Inc., has primarily focused on core lawn aerations while offering an array of lawn care products, including pre-emergent weed control, gypsum, targeted insect control, as well as fertilizer and over-seeding products. “We are so excited to work with Joel Soper, Aerations Only Inc., CEO on taking his business to the next level. We see vast opportunities for introducing new product offerings and expanding into regional markets,” says Brandon Blum, Co-Founder of SB Capital Partners. The company will operate under a new name, The Lawn Guys, LLC.
About SB Capital Partners
Headquartered in San Diego, CA, SB Capital Partners is a boutique private equity firm focused on acquisitions of operating companies in the home services and facilities space in verticals such as; property management, landscaping, termite control, insurance, and building supplies manufacturing.
The team was previously focused on acquiring real estate between 2008 and 2012. However in early 2013, SB Capital spotted a prime opportunity to deliver superior risk-adjusted returns to investors during a time of skyrocketing real estate prices. They quickly transitioned to acquiring businesses around the real estate space. “Investment yields on rental properties got so compressed, we just didn’t see any more upside.” Says Blum. SB Capital Partners invests in companies with proven track records in mature industries that are already prosperous but have significant growth potential.
SB Capital Partners Investment Philosophy
In an ever-changing world and developing technologies, SB Capital Partners chooses to invest in predictable industries such as property management, landscaping, pest control, property insurance, and other related enterprises. With a leading edge and experience in growing businesses, SB Capital Partners strives to bring new technologies and growth opportunities to companies in mature industries. In many cases they can partner with existing founders and management teams.