Leonard Green & Partners Acquires Majority Stake in TenCate Grass

Crestview Partners Acquires TenCate Grass Holding B.V.

September 14, 2021

Manufacturing

Crestview Partners has completed the acquisition of TenCate Grass Holding B.V. from Royal TenCate, a business previously owned by a consortium led by Gilde Buy Out Partners. Headquartered in Nijverdal, the Netherlands, TenCate Grass is a vertically integrated global manufacturer, distributor and installer of artificial turf solutions with roughly $600 million in annual revenues; Crestview will partner with the existing management team to pursue organic growth and M&A expansion.

TenCate Grass Acquires Sports & Leisure Group from Sun European Affiliate

June 5, 2025

Manufacturing

TenCate Grass Holding B.V. has acquired Sports & Leisure Group (SLG), a vertically integrated artificial turf systems manufacturer headquartered in Sint‑Niklaas, Belgium. The shares were sold by an affiliate of Sun European Partners; former SLG shareholders, including the Sun European affiliate, will reinvest part of the sale proceeds into TenCate. The deal expands TenCate's geographic footprint and Outdoor Living portfolio across Europe, the Middle East, Africa, Southeast Asia and South America.

TenCate Grass Acquires Majority Stake in The LandTek Group

July 15, 2024

Construction

TenCate Grass has acquired a majority stake in The LandTek Group, a Bay Shore, New York-based provider of athletic field engineering, construction, project management and maintenance services across the U.S. East Coast. The LandTek founders and management will remain substantial shareholders and continue to lead the company as TenCate looks to expand its East Coast footprint and combine LandTek's service capabilities with TenCate's product portfolio and U.S. supply chain.

Leonard Green & Partners Acquires Majority Stake in Velvet Taco

November 30, 2021

Restaurants & Hospitality

Leonard Green & Partners (LGP) acquired a majority stake in Velvet Taco from L Catterton and FB Society, with L Catterton and FB Society retaining significant minority ownership. The Dallas-based fast-casual taco chain will work with LGP to support continued national expansion (the brand had nearly 30 locations at the time of the transaction and expected to exceed 40 by end of 2022).

TenCate Grass Acquires Majority Stake in Byrom-Davey, Inc.

July 15, 2024

Construction

TenCate Grass has acquired a majority stake in Byrom-Davey, Inc., a San Diego-based sports facility design and construction firm that has built over 600 athletic facilities in Southern California. Byrom-Davey’s management team, including founder and CEO Steve Davey, will remain in place as TenCate looks to expand its geographic footprint in the U.S.

Leonard Green Makes Minority Investment in Tecta America

September 1, 2021

Construction

Leonard Green & Partners completed a minority equity investment in Tecta America, with Altas Partners remaining the company's majority owner alongside management. The investment will support Tecta America's continued growth — the commercial roofing contractor employs more than 4,300 people and operates over 85 locations across 32 states.