TenCate Grass Acquires Sports & Leisure Group from Sun European Affiliate

Sun European Affiliate Acquires Sports & Leisure Group (SLG)

July 15, 2021

Building Products

An affiliate of Sun European Partners has agreed to acquire Sports & Leisure Group (SLG), a Belgium-headquartered artificial turf systems provider, alongside SLG management. Financial terms were not disclosed; sellers included Chequers Capital. Sun European said it will support SLG's organic growth, sustainability innovation and selective M&A to expand its global footprint.

Leonard Green & Partners Acquires Majority Stake in TenCate Grass

December 22, 2023

Manufacturing

Affiliates of Leonard Green & Partners (LGP) will acquire a majority stake in TenCate Grass Holding B.V., purchasing shares from Crestview Partners and select other shareholders. TenCate's senior management will remain invested and continue to lead the company; the transaction advances LGP's entry into the sports and outdoor living surfaces market and is expected to close in February 2024 (terms undisclosed).

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.

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 Midwest Sport and Turf Systems

April 8, 2024

Manufacturing

TenCate Grass has acquired Midwest Sport and Turf Systems (MWSTS), a Plainfield, Illinois-based provider of synthetic turf sales, design-build installation, maintenance and repair. The acquisition expands TenCate's U.S. installation and service capabilities and strengthens its Midwest presence; MWSTS founder Jody Factor will remain with the company following the transaction.

KPS Capital Partners Acquires Sport Group

April 8, 2024

Manufacturing

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire Sport Group TopCo GmbH (owner of AstroTurf, Polytan, Rekortan, Laykold and other brands) from funds advised by Equistone Partners Europe. Sport Group, headquartered in Burgheim, Germany, is a global designer, manufacturer and installer of artificial turf and polyurethane sports surfaces with more than 1,900 employees and operations across the Americas, EMEA and Asia-Pacific; KPS plans to support growth and operational initiatives and pursue a global acquisition strategy.