- BrightView ( NYSE: BV ) acquires Smith’s Tree Care, a leading tree care service provider, based in Newport News, Va.
- Smith’s Tree Care, founded in 2005 by Dave Smith, provides a host of services, including tree care, tree trimming and pruning, tree removal, and stump grinding.
- Terms of the transaction were not disclosed.
- “The acquisition of Smith’s Tree Care in a solid market, like Hampton Roads, further reinforces our strong-on-strong M&A strategy. Dave’s and Uwe Troxler’s hard work over the past 17 years has elevated Smith’s Tree Care to one of the market’s top tree service companies. We’re excited to welcome them to the BrightView Tree Care Services family as we work together to provide exceptional quality service and continue to position ourselves as the region’s preferred commercial tree care provider.” said Andrew Masterman, President and CEO. “
- SA shows that the stock is at a high risk of performing badly due to negative EPS revisions and declining growth.
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BrightView acquires tree care service provider, Smith’s Tree Care