Terracare Associates, LLC, a leading outdoor maintenance company, announces the acquisition of VMC Landscape of Dallas, Texas. This transaction will combine decades of individual and collective expertise while continuing to provide customers with superior landscape and public infrastructure maintenance services and helping to improve outdoor environments across the Western United States.
OCT. 8, 2014 – Terracare Associates has acquired VMC Landscape of Dallas, Texas. With 65 combined years in business, the resulting organization will include an extremely seasoned management team and numerous long-term client partnerships. Terracare Associates and VMC Landscape are highly complementary with similar customer bases, including municipalities, corporations, retail, homeowners associations, institutions and special districts. In addition, both organizations share a culture of providing exceptional service to those clients.
“People are our most valuable asset and we will take advantage of working together, integrating our cultures and sharing best practices as we go forward,” says Dean Murphy President of Terracare Associates. “We are excited about expanding into a new market and partnering with the terrific people at VMC while doing so.”
Terracare Associates, LLC is now one of the top 25 commercial landscape maintenance companies in the United States, managing nearly 1,000 commercial and public projects in Colorado, California, Utah and Texas. “Our shared reputation for building customer relationships is built on a foundation of leadership, integrity, safety, concern for our communities and the environment,” says Murphy.
“We are fortunate to work with a professional and supportive group of financial partners, who believe in the Terracare family and have chosen to support our growth through continued investment.” Terracare is owned by Progress Equity Partners with additional financing provided by NBH Capital Finance, Harbert Mezzanine Partners and Patriot Capital.
VMC Landscape has operated successfully in the Greater Dallas area for more than 35 years and is led by Bruce Verdick and a strong and seasoned management team who will all remain in place post-closing.
Terracare Associates, LLC was established in 1985 as a single crew providing landscape maintenance services with a genuine commitment to customer loyalty. The company has now grown into an organization of more than 550 employees offering a broad range of service lines in multiple states.