Leonard Green-backed Brickman draws strong buyout interest for $1.5bn auction

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Brickman landscapeA gang of private equity giants are said to be circling Leonard Green-backed Brickman Group, the largest commercial landscaping company in the US, for a deal which could fetch $1.5bn.

Blackstone, KKR, TPG Capital and CVC Capital Partners are all involved in the auction for Brickman according to Reuters, which cited people familiar with the matter.

In August it emerged Leonard Green had hired Barclays and Morgan Stanley to run the auction, it added.

Leonard Green took control of the company in 2006 when it acquired a majority stake for $847m.

Four years earlier Chicago-based CIVIC Partners partnered with management to recapitalise the company, and remains a shareholder.

Maryland-headquartered Brickman provides landscape maintenance, snow removal and landscape design/build services, with clients including commercial real estate companies, professionally managed residential communities, Fortune 500 corporations and public and private institutions.

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