Boxwood Partners Advises Monster Tree Service(R) On Its Sale to Authority Brands(R)
Boxwood continues to establish itself as a premier M&A advisor to leading brands in franchising, closing its fifth transaction in the past 18 months
RICHMOND, VA / ACCESSWIRE / September 17, 2020 / Boxwood Partners, LLC is pleased to announce the sale of Monster Tree Service (the “Company” or “Monster Tree”) to Authority Brands, LLC, a leading household services franchise.
Boxwood Partners was the exclusive advisor to Monster Tree in relation to this transaction. The transaction was led by Managing Partner J. Patrick Galleher, Brian Alas (Managing Director), Robbie Nickle (Vice President) and Dan Martinson (Analyst). The terms of the contract were not disclosed.
Monster Tree Service was founded in 2008 and is the only franchise company offering locally certified tree care teams in multiple locations across the country. It has quickly grown to be the most trusted, successful, and recognized tree care service provider in the country. Based in Doylestown, PA, the company continues to expand its domestic presence and now has more than 200 locally owned and operated franchise areas in the United States.
Authority Brands’ leading household service brands include The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, and One Hour Heating & Air Conditioning, all of which are engaged in home cleaning and home care. Swimming pool repair and maintenance, pest control, plumbing, electrical and heating, ventilation and air conditioning (“HVAC”). Authority Brands supports the growth of individual franchisees through strong marketing, technology and operational support.
“Monster Tree has carved out an important niche in the home service industry. The company is a pioneer in home services and offers homeowners a valuable service with a differentiated level of professionalism,” said Rob Weddle, CEO of Authority Brands. “We are excited to add another well-developed brand to our growing home services portfolio.”
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Monster Tree is the 8th home service brand for Authority Brands, spanning nearly 1,900 territories operated by nearly 1,000 franchisees domestically and internationally.
Josh Skolnick, founder of Monster Tree, was extremely pleased with the outcome, commenting: “By joining the Authority Brands portfolio of leading brands, Monster Tree plans to expand its presence rapidly,” he continued. “I would also like to thank the Boxwood Partners team for their critical role in identifying the ideal partner for Monster Tree. Boxwood’s knowledge of the franchise, combined with his passionate guidance throughout the process, resulted in a successful transaction. “
J. Patrick Galleher, Managing Partner of Boxwood added, “Josh did an excellent job building the first and only tree service franchise system in the country. We believe the company is a perfect fit for Authority Brands and we look forward to it that it will continue growth within the leading franchise platform for home services. “
Chase Stuart, David Kolodny of Ice Miller LLP, and Joe Dunn of Fisher Zucker LLC served as legal counsel to Monster Tree.
About Boxwood Partners
Boxwood Partners, LLC (www.boxwoodpartners.com) is a boutique investment bank based in Richmond, Virginia. Boxwood Partners combines a unique blend of the highest level transactional advice, business operations experience and proven process execution skills to give its clients a distinct advantage in the marketplace. The company’s extensive relationships with global capital and buyer communities (including U.S. and international private equity groups, corporations, and lenders) and other key transactional service providers such as consultants, lawyers, and accountants ensure that the company’s customers get the attention get service and results they deserve.
Via Monster Tree Service
Founded in 2008 in Fort Washington, PA by Founder and CEO Josh Skolnick, Monster Tree Service is the first and fastest growing franchise brand in the country serving the $ 21 billion tree care industry. The company continues to expand its domestic presence and now has more than 200 locally owned franchise areas in the US.
About authority brands
Authority Brands is headquartered in Columbia, Maryland and includes eight leading household service franchisors, America’s Swimming Pool Company, Benjamin Franklin Plumbing, the Cleaning Authority, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, and One Hour Heating and Air Conditioning . Together, these brands provide home services in more than 1,875 territories operated by nearly 1,000 franchisees in the United States, Canada, Latin America, Kenya, and Indonesia. Authority Brands supports the growth of individual franchisees through strong marketing, technology and operational support.
J. Patrick Galleher
Phone: (804) 343-3441
Email: [email protected]
SOURCE: Boxwood Partners, LLC
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