Silver Oak Services Partners, a lower middle market private equity firm, has led the recapitalization of Beary Landscaping — No. 48 on the 2023 LM150 list — in partnership with management.
“We are very excited to partner with Brian and the Beary team. We believe the company is a strong platform from which to grow due to its excellent reputation, tenured employee base, service-oriented culture and experienced management team,“ said Andrew Gustafson, partner at Silver Oak. “We look forward to leveraging the Company’s strengths while further investing in people, infrastructure and sales as Beary continues to grow in new and existing markets.”
Founded in 1985 and headquartered in Lockport, Ill., Beary is a provider of recurring landscaping and snow removal services to a set of commercial end markets, including utilities, multi-family living communities, office buildings, municipalities and others. Beary currently serves over 1,200 customers across Illinois, Indiana, Pennsylvania, Michigan and Wisconsin.
Silver Oak invested alongside Beary’s founder and CEO, Brian Beary, and other senior management in the transaction. The existing management team will continue in its current roles with Beary and retain a significant ownership stake in the business.
“For 35-plus years, Beary has served as a trusted partner to our customers, maintaining best-in-class landscapes that enrich the environment. We are excited about our partnership with Silver Oak, which provides us with additional capital and expertise needed to significantly grow the company while continuing to provide high-quality service to our customers,” said Brian Beary.
