Sterling Investment Partners Acquires Majority Stake in HeartLand, LLC from Great Range Capital

Pritzker Private Capital Acquires HeartLand

December 14, 2023

Environmental Services

Pritzker Private Capital has acquired HeartLand, a Kansas City–headquartered commercial landscaping platform, from Sterling Investment Partners. The investment, made alongside HeartLand founder Ed Schatz and members of management, will support the company's continued geographic and service expansion across the United States.

HeartLand (Sterling-backed) Acquires Four Commercial Landscaping Firms

December 31, 2021

Environmental Services

HeartLand, a portfolio company of Sterling Investment Partners, acquired four commercial landscape and facilities services providers: Landscape Services, Inc. (LSI), Sharp's Landscaping, Total Environment, Inc., and Merit Service Solutions. The add-on deals expand HeartLand's geographic footprint across multiple U.S. markets as part of a roll-up strategy (this marks HeartLand's 13th acquisition since Sterling invested in August 2019).

HeartLand (Sterling Investment Partners) Acquires Roark Landscaping, VerdeGo Landscape and Inside Out Services

December 31, 2020

Environmental Services

HeartLand, a Sterling Investment Partners portfolio company, acquired three commercial landscape and facilities services providers: Roark Landscaping Corporation, VerdeGo Landscape and Inside Out Services. The add-on deals expand HeartLand's footprint into Tulsa, Oklahoma; Palm Coast/Jacksonville, Florida; and broaden its presence in the Washington, D.C. metro area as part of a buildout of a national commercial landscape platform.

The Jordan Company (Resolute IV) Acquires Heartland Home Services

December 15, 2020

HVAC & Mechanical

An affiliate of The Resolute Fund IV (managed by The Jordan Company) acquired Heartland Home Services from North Branch Capital, with Cobepa taking a significant minority stake and North Branch remaining a minority investor. Carlyle's Global Credit platform led and structured the debt financing to support the transaction. The investment will provide Heartland with resources to drive operational efficiencies and pursue organic and inorganic growth across its Midwestern residential HVAC, plumbing, electrical and indoor air quality platform.

HeartLand (Sterling portfolio company) Acquires Heritage Landscape Services, Landscape Concepts Management and Snowmen365

December 12, 2019

Environmental Services

Sterling Investment Partners’ portfolio company HeartLand, LLC acquired three commercial landscape and facilities services providers — Heritage Landscape Services, Landscape Concepts Management and Snowmen365 — expanding HeartLand’s footprint in Washington, D.C., Chicago and Kansas City. The acquisitions are add-ons to HeartLand’s multi-market platform as Sterling continues to grow the company since its initial investment in 2019.

Sterling Investment Partners Makes Majority Investment in HeartLand

August 30, 2019

Environmental Services

Sterling Investment Partners has made a majority equity investment in HeartLand, a commercial landscape and facilities services platform headquartered in Kansas City. The partnership with founder Edward Schatz Jr. and management will support HeartLand’s plans to scale and expand its geographic reach across the Central United States; terms were not disclosed.