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Outworx Group Acquires Gold Landscape

June 14, 2021 GMT

DALLAS--(BUSINESS WIRE)--Jun 14, 2021--

Outworx Group, a leading diversified facility maintenance services company, today announced that it has acquired Gold Landscape (“Gold” or the “Company”), a landscape services company serving Homeowner Associations (“HOAs”), multi-family properties, and commercial properties across the Dallas-Fort Worth metroplex.

Gold is a leading landscape services company, providing a full range of services to Homeowners Associations, multi-family properties, commercial properties and individual homeowners across the Dallas-Fort Worth metroplex. The Company offers a broad range of services that are critical to its customers, including landscape maintenance, landscape installation and irrigation installation and repair. Gold specializes in large-scale community maintenance and has extensive experience administering front-yard maintenance programs for sizeable single-family housing communities that are managed by HOAs. The Company is headquartered in Dallas, Texas, and was founded in 1989.

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Outworx is a diversified facility maintenance business providing mission-critical facility maintenance services to commercial and municipal customers across the United States. Outworx is owned by private investment funds managed by Mill Point Capital, a middle-market private equity firm focused on control investments in North America.

Aaron Goldstein, Founder and President of Gold, commented, “we are excited to be joining Outworx, whose deep resources, relationships and expertise will allow Gold to further accelerate its growth. I am immensely proud of the strong reputation the Gold team has built over several decades, and I look forward to our next chapter as part of Outworx.”

“Under Aaron’s leadership, Gold created a strong reputation as a dependable service provider for its customers. We are excited to welcome the entire Gold team to the Outworx family and are committed to supporting the Company’s growth opportunities going forward,” said Daryl Hendricks, CEO of Outworx Group.

About Gold Landscape

Headquartered in Dallas, TX, Gold is a leading landscape services provider to HOA communities, multi-family properties, commercial properties and homeowners across the Dallas-Fort Worth metroplex since 1989. Gold specializes in large-scale community maintenance and has extensive experience in administering front-yard maintenance programs for sizeable single-family housing communities that are managed by Homeowner Associations. For more information, please visit www.goldlandscape.com.

About Outworx

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Founded over 60 years ago, Outworx is a leading provider of diversified facility maintenance services, focused on mission-critical snow removal and melting, landscaping, street sweeping. Paving, catch-basin cleaning and solid waste removal services to commercial and municipal customers. Outworx is headquartered in Westbury, NY, with additional locations across the U.S. For more information, please visit www.outworxgroup.com.

About Mill Point Capital

Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the industrial, IT services and business services sectors. The firm works with executive partners to leverage its investment professionals’ experience while providing strategic and operational guidance to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210614005586/en/

CONTACT: Jiaeh Kim

212-416-5800

info@millpoint.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: FINANCE LANDSCAPE BANKING PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY

SOURCE: Mill Point Capital

Copyright Business Wire 2021.

PUB: 06/14/2021 11:42 AM/DISC: 06/14/2021 11:42 AM

http://www.businesswire.com/news/home/20210614005586/en