Lincoln Road Completes Acquisition and Creates Powerhouse Landscaping Company

Lincoln Road Global Management, a private equity firm specializing in lower middle-market companies, has announced the completion of its acquisition of Silversand Services and SLI Landscape. These two companies, known for their exceptional landscaping, irrigation management, tree care, interior plant care, and custom holiday decoration services, will be combined with Lincoln Road's existing investment in Zodega Landscaping. The newly formed company will operate under the name Silversand Services and will be led by Rob Dihu, the CEO of Zodega Landscaping.

The merger of these three entities will create a powerhouse in the landscaping industry, allowing the company to serve a wide range of markets including HOAs, offices, retail spaces, medical facilities, residential areas, government properties, and industrial complexes. With over 1,500 customers located throughout Greater Houston Metro, Dallas-Fort Worth, and Bryan-College Station, Silversand Services will have a significant presence in Texas.

Jeff Magny, Managing Partner at Lincoln Road, expressed his excitement about the merger, stating, "We're thrilled to combine three leading and highly complementary businesses focused on delivering exceptional landscaping and customer service to Texas. These talented management teams have built best-in-class companies and have established true partnerships with a growing base of clients. Silversand and SLI place their clients first, and that focus will continue to be the key to the success of the combined business."

The acquisition of Silversand Services and SLI Landscape aligns with Lincoln Road's investment strategy, which focuses on founder-and family-owned businesses in fragmented industries. The firm believes that these types of businesses offer untapped growth opportunities that can be capitalized on through operational intervention and strategic acquisitions.

Rob Dihu, the CEO of Zodega Landscaping and future CEO of Silversand Services, praised Lincoln Road for their approach to investing and their ability to identify transformative acquisitions. He said, "The talented team at Lincoln Road is well known for their founder-friendly approach to investing in and equipping essential services businesses with the right resources and operational expertise to hyper boost growth. They bring deep business acumen and a unique skillset that allows them to identify strategically important acquisitions like Silversand and SLI that generate transformational growth."

The founder of Silversand Services, Somir Paul, expressed his excitement about the partnership with Lincoln Road and the future growth of the company. He stated, "I am incredibly fortunate to partner with Lincoln Road and look forward to the next phase of our growth. Together, we will continue to provide our customers with a full suite of services performed at the highest quality levels and customer service that they expect."

This acquisition is a testament to Lincoln Road's active investment approach, with 26 transactions completed in the past five years across three platforms. The firm has demonstrated its ability to identify opportunities for growth and execute successful exits.

Lincoln Road engaged the services of Holland & Knight, with David Barkus and Omari Sealy providing legal counsel for the acquisition.

About Lincoln Road Global Management

Lincoln Road Global Management is a private equity firm that specializes in control investments in lower middle-market buy-and-build opportunities in North America. The firm focuses on founder-and family-owned businesses in fragmented industries, aiming to unlock untapped growth opportunities through operational intervention and acquisitions. For more information, please visit www.lincolnroadmgmt.com.

About Silversand Services

Silversand Services is a full-service landscaping and lawn care contracting company based in Houston and Dallas, Texas. The company offers comprehensive lawn maintenance services, allowing customers to bundle their landscaping, irrigation system, and other maintenance needs into one predictable monthly fee. For more information, please visit www.silversandservices.com.

In conclusion, the acquisition of Silversand Services and SLI Landscape by Lincoln Road Global Management will create a formidable landscaping company in Texas. With a focus on exceptional customer service and a wide range of services, Silversand Services is poised to become a leader in the commercial landscaping industry. This strategic merger is a testament to Lincoln Road's investment strategy and their ability to identify opportunities for growth.