Blue Point sells Georgia tree service company Kendall Vegetation

Blue Point sells Georgia tree service company Kendall Vegetation

Blue Point Capital Partners has announced the sale of its Lawrenceville, Georgia-based portfolio company Kendall Vegetation Services to Connecticut private equity firm Sterling Investment Partners.

Financial terms of the deal were not disclosed.

Blue Point announced its acquisition of Kendall — previously known as WA Kendall and Co. — in early 2019. The company provides services like tree trimming, mowing, debris removal and storm restoration to customers across the Southeastern and central regions of the United States.

“With the help and support of Blue Point’s Data & Digital team, we implemented state-of-the-art field technology, financial reporting and operational metrics solutions to improve management of our geographically distributed workforce and enhance customer service,” said Kendall CEO Robert Williams in a statement. “The Blue Point team did exactly what they said they were going to do, and their investments in growth initiatives have fortified the business so that our family legacy will live on for years to come.”

Kendall was acquired via Blue Point’s fourth buyout fund, which closed at a hard cap of $730 million in early 2018.

The private equity firm is based in Cleveland, with additional offices in Charlotte, North Carolina; Seattle; and Shanghai. It typically invests in businesses that generate $30 million to $300 million in revenue.

According to a late December regulatory filing, Blue Point disclosed that it is in the process of raising a fifth investment fund, Blue Point Capital Partner V LP, which features a target offering of $850 million.