Evolution Strategy Partners and Gemini Investors Recapitalize Westco Grounds Maintenance
July 31, 2020
Evolution Strategy Partners (reported elsewhere as Altos Partners), Gemini Investors, and senior members of Westco's management recapitalized Westco Grounds Maintenance Inc., a Houston-based commercial landscaping installation and maintenance provider. The transaction establishes Westco as a platform for a buy-and-build growth strategy in the greater Houston market; Manny González was named CEO and Cadence Bank provided credit facilities. Terms were not disclosed.
- Buyers
- Evolution Strategy Partners, Gemini Investors, Altos Partners, Senior members of management
- Targets
- Westco Grounds Maintenance Inc.
- Platforms
- Westco Grounds Maintenance Inc.
- Industry
- Environmental Services
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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