HOUSTON & ORANGE, Calif. -- TreeTown USA has announced a definitive purchase agreement to acquire Village Nurseries, a specialty grower for landscape professionals, re-wholesalers and retailers, for an undisclosed amount. The deal represents one of the largest strategic nursery acquisitions in recent history and creates a nursery with a true coast-to-coast footprint. Closing is expected by the end of September 2017.
The strategic acquisition of Village Nurseries supports TreeTown USA’s continued growth plans and accelerates entry into new and adjacent markets. With the addition of its new west coast division, which will continue to operate under its trade name of Village Nurseries, TreeTown USA’s operations will encompass 16 farm locations throughout California, Texas and Florida, consisting of over 4,000 acres in production.
“This acquisition is an opportunity to merge two excellent companies that share the same customer-centric cultures," said TreeTown USA CEO Jonathan Saperstein. "We will capitalize on the combined resources of the company to create industry leading best practices while fostering a safe and rewarding work environment for our 1,500+ full time employees."
“We are extremely excited about this transaction and the potential it brings,” explained David House, president of Village Nurseries. “It allows us to partner with one of the industry’s leading wholesale nurseries and positions us to expand our geographic reach to industry professionals seeking the wide breadth of trees and shrubs we offer, many of which are patented or exclusive and not readily available at other wholesale nurseries.”
TreeTown USA’s financial advisor is Armory Securities, LLC, and its lead legal advisor is Jannol Law Group. Village Nurseries financial advisor is B. Riley & Co., and its lead legal advisor is Shulman, Hodges & Bastian LLP.
Editor's note: We'll have more on this deal as it develops.