Following the initial platform acquisition of Schmitt & Scalzo earlier this year Green Landscaping Group continues to establish itself in Germany through the acquisition of Rainer Gartengestaltung & Landschaftsbau, a company that provides ground maintenance and landscaping services for outdoor environments in Bavaria.
Rainer Gartengestaltung & Landschaftsbau was founded in 2005 and is today run by founder Matthias Rainer together with 24 employees. The company is based in Senden, Bavaria, Germany and provides services in ground maintenance and landscaping for outdoor environments around Ulm and Stuttgart. Net sales in 2022 amounted to approximately EUR 3 million.
Green Landscaping Group AB is a home for entrepreneurs. The service areas it is involved in are landscaping, ground maintenance and snow & ice removal. The Group has more than 2,000 employees and net sales of SEK 4.8 billion.
"With the acquisition of Rainer Gartengestaltung & Landschaftsbau, Green Landscaping Group takes another step into the German market. We are pleased to welcome Matthias Rainer and his employees to Green Landscaping Group. Rainer Gartengestaltung & Landschaftsbau is a company that delivers high-quality services with a strong customer focus, impressive profitability, and sound business sense. A very good corporate culture has made the company what it is today and it is important to us that the strong culture remains. We see great opportunities to tie more prominent companies to us and with Matthias on board, we will further strengthen our network in the German market," says Stephan Stieglauer, Regional Manager Germany, Green Landscaping Group.
Green Landscaping Group acquires 100 percent of the shares in Rainer Gartengestaltung & Landschaftsbau with immediate access.
BDO’s corporate finance team with specialists from Corporate Finance, M&A and Transaction Tax acted as financial advisor to Green Landscaping Group on this transaction including financial due diligence, tax due diligence and transaction tax advice.
Johannes Vock, General Manager DACH of Green Landscaping Group, about working with BDO: ""The BDO team provided us with highly professional support in our second acquisition in Germany. We look forward to working together on further transactions as we continue our expansion strategy."
BDO advisor team:
Matthias Meyer (M&A, Munich)
Dr. Steffen Eube (Financial Due Diligence, Frankfurt)
Felix Fries (Financial Due Diligence, Frankfurt)
Danial Safari-Fard (Financial Due Diligence, Frankfurt)
Sandro Schwenke (Tax Due Diligence, Frankfurt)
Simone Schmalhofer (Tax Due Diligence, Frankfurt)