The Lenox Group

December 3, 2024 – Atlanta, GA – The Lenox Group ("Lenox") advised Schultz Lawnscapes, Inc ("Schultz" or “the Company”) on its Majority Recapitalization by HeartLand, LLC (“HeartLand”), a portfolio company of Pritzker Private Capital (“PPC”). The Company was founded in 2010 by brothers Corey Schultz and Wilson Schultz. With locations in Richmond, Waverly, and Hampton, VA, Schultz is a commercial and high-end residential landscaping business serving industrial facilities, commercial properties, builders, and Homeowners Associations. Founded in 2016 and based in Kansas City, MO, HeartLand is the fifth largest landscaping company in the country. With more than 4,000 employees and more than 60 branches across 26 states, HeartLand offers commercial landscaping services to over 15,000 customers. The HeartLand transaction team was led by Rob McDonnell, Chief Development Officer, Evan Shufflebarger, VP of Corporate Strategy, and Brandon Hinds, CFA, MBA, M&A Analyst. Pritzker Private Capital is a family office of the Pritzker Family, who notably founded Hyatt Hotels and the Marmon Group. PPC invests in middle-market companies based in North America with leading positions in the manufactured products and services sectors. PPC partnered with HeartLand in 2023. The Richmond, VA based Williams Mullen team of Trevor Wind, David Allen, and Nico Balbontin represented Schultz as legal counsel. Johnathan Orrock and Clayton Jones, CPA, CVA of Richmond, VA based WellsColeman provided tax and accounting consulting services to Schultz. The Kansas City, MO based Stinson LLP team of David Jenson and Derek Grutsch represented HeartLand as legal counsel. EY provided tax and consulting accounting services to HeartLand. The Lenox Group is an Atlanta based investment bank specializing in M&A advisory and capital raising services for private, family and founder-led, middle-market companies. If you are interested in learning more, please contact the deal team of Jim Fite, CFA (404-419-1663), W. David Gorsline III (404-419-1668), or Tim Dyball (404-419-1664).

As we head into the second half of the year, we are excited to share our refreshed look. Please check out our new website! We've redesigned our site to reflect 21 years of excellence married with the exciting momentum our growing team continues to build. We look forward to hearing what our friends in the market think! https://lenoxgroupllc.com/

April 25, 2024 – Atlanta, GA – The Lenox Group ("Lenox") advised Metals & Materials Engineers, L.L.C. ("MME" or “the Company”) on its majority recapitalization by AllClear Underground Solutions (“AllClear”), a portfolio company of Crescentia Capital (“Crescentia”) and Blue Marlin Partners, LLC (“Blue Marlin”). Founded in 2001 by Barry Bennett and headquartered in Stone Mountain, GA, Metals & Materials Engineers, L.L.C. focuses on three core divisions for infrastructure related projects: Wastewater, Storm Water, and Water Distribution Systems. The Company’s wide range of disciplines include specializations in utility services; civil engineering; sewer system evaluation surveys; sanitary sewer flow monitoring; piping CCTV evaluations; manhole raising and rehabilitations; water meter and line replacements; and ground penetrating radar services.?Mr. Bennett will remain a minority shareholder in the combined Company. The Lenox Group was first introduced to Mr. Bennett in early 2023 as he was considering next steps for his business. Regarding the engagement and process, Mr. Bennett commented “I am thrilled to have selected The Lenox Group to represent MME in our efforts to find the right partner for the business. Lenox took the time to understand our Company and prioritize our goals in the transaction. The Lenox team worked tirelessly to provide the best outcome possible for MME”. Formed in 2022 and headquartered in Tampa, FL, AllClear Underground Solutions is a provider of open-cut water and wastewater pipe repair, cementitious and epoxy-based manhole and asset rehabilitation, trenchless cured-in-place pipe (CIPP) lining, closed-circuit television (CCTV) pipe inspection, and other underground rehabilitation services. CEO Brian Johnson and President Kevin Rowland led the transaction for AllClear. Crescentia Capital is the private equity buyout business of Calvert Street Investment Partners, a Baltimore, MD based private equity and private credit group that has been partnering with family and founder-led businesses for over 30 years. Stephen Randall, Alex Puthumana, and Brent Peterson led the transaction for Crescentia Capital. Blue Marlin Partners, LLC is a private equity firm based in Washington, D.C. Christopher Swarbrick represented Blue Marlin. Bennett Thrasher provided tax and consulting accounting services to MME. Philadelphia, PA based Stevens & Lee represented AllClear as legal counsel. Plante Moran represented AllClear on accounting matters as well. The Lenox Group is an Atlanta based investment bank specializing in M&A advisory and capital raising services for private, family and founder-led, middle-market companies. If you are interested in learning more, please contact the deal team of Jim Fite, CFA (404-419-1663), W. David Gorsline III (404-419-1668), David Schumm (404-419-1660), or Tim Dyball (404-419-1664).

To all Southern Capital Forum members, please come to support our friends at BT and our own W. David Gorsline III this Tuesday. It will be a great conversation on the state of the #MiddleMarket and #TransactionActivity.