Transformative merger positions combined business as the go-to provider of business management software for the green industry
ATLANTA and TORONTO – SingleOps, a leading provider of arbor and landscape business software, today announced its merger with Landscape Management Network (LMN), the largest provider of landscape business software and crew training in the United States and Canada. Together, they form the premier business management software and payments platform serving the full-service landscaping, tree care, design/build and snow removal industries.
As part of this transaction, SingleOps secured an additional growth equity investment from existing investor FTV Capital, with participation from Five Elms Capital, who had previously invested. Mark Sedgley, CEO of SingleOps, will lead the combined business effective immediately. Mark Bradley, founder of LMN, will remain with the company as a strategic advisor and partner to the business.
With the merger, SingleOps and LMN’s combined business will significantly enhance product offerings, delivering unmatched innovation and customer service to over 4,000 customers across North America.
“Merging these two incredible companies allows us to continue putting our customers first,” said Sedgley. “Our customers are the fabric of our economy and create millions of jobs all over North America and in their respective communities. Both SingleOps and LMN take this responsibility very seriously, working hard to empower our customers to thrive.”
“It has been a great privilege to lead LMN for over 16 years, and I am excited to work closely with SingleOps to create a market-leading business serving the green industry,” said Mark Bradley, founder and CEO of LMN. “LMN is fortunate to have found a strategic partner with complementary capabilities and a shared vision for growth, and the combined company is now well-equipped to continue to capitalize on the market opportunity.”
The green industry continues to undergo rapid change but remains largely fragmented. Despite the growing need for intuitive business management solutions to improve efficiency, the industry remains early on the adoption curve, with more companies expected to require all-in-one solutions, including payments capabilities, in the coming years. SingleOps and LMN will continue to support and invest in their respective software platforms, aiming to optimize their technology capabilities and expand the breadth of services they provide to meet market demand.
“By bringing together these two leading vertical SaaS platforms, SingleOps and LMN are uniquely positioned to support the full range of customer needs across the green industry,” said Robert Anderson, partner at FTV Capital. “LMN and SingleOps have shared cultures of putting their customers first and understanding the pain points from their clients’ perspectives. We look forward to supporting the combined company as it continues to help the industry be successful and work tirelessly to serve its great customers.”
Sedgley added, “FTV’s partnership and expertise have been instrumental to getting us where we are and will be equally as vital as we move forward into this next exciting phase of growth.”
Raymond James served as exclusive financial advisor and Stikeman Elliott and Kirkland & Ellis as legal counsel to LMN. Houlihan Lokey served as financial advisor and Gibson Dunn as legal counsel to FTV and SingleOps.
About SingleOps
SingleOps is an all-in-one business management software for the green industry, including tree care, lawn care, full-service landscaping, sod farms, and landscape supply. The company serves thousands of users who have collectively processed over $5 billion in revenue through SingleOps, and use it daily to operate their businesses and interact with clients. SingleOps is headquartered in Atlanta, GA. For more information, please visit singleops.com.
About Landscape Management Network (LMN)
Landscape Management Network (LMN) is the industry leader for landscape business software and crew training. Since its founding in 2009, LMN has provided landscapers across North America with the tools they need to build a successful business. Built for landscapers by landscapers, LMN offers a complete suite of software that covers everything from budgeting and job estimates to employee management and education.
LMN has helped tens of thousands of businesses ranging from design companies to national lawn maintenance providers create more than $51 billion worth of estimates, price out more than $25 billion in contracts, capture 78 million individual clock-ins, and manage more than 245,000 employees.
About FTV Capital
FTV Capital is a sector-focused growth equity investment firm that has raised over $6.2 billion to invest in high-growth companies offering a range of innovative solutions in two sectors: enterprise technology and services and financial technology and services. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in over 140 portfolio companies since its inception including Docupace, EBANX, LoanPro, ReliaQuest, Ottimate, ParkHub, True Potential and Vagaro and successfully exited/partially exited companies including CardConnect (acquired by First Data), Centaur (acquired by Waystone Group), Egress (acquired by KnowBe4), Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (recapitalized), Strata Fund Solutions (acquired by Alter Domus), Tango (acquired by Blackhawk Network), VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York, Connecticut and London. For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.
