Peel Exterior Maintenance

Industry: Landscape Services & Sales
Year of Initial Investment: 2016
Oakridge Ownership: Control
Investment Type: Platform, Management-Supported Buyout
Headquarters: Georgetown, Ontario
Website: peellandscapedepot.com
Status: Realized

Peel Exterior Maintenance

Situations of Interest

Ideally, we are looking to partner with strong management teams, provide partial liquidity upfront and work cooperatively to grow the business over a transitional period (allowing exiting owners to participate during this time).

If the situation warrants, we can also provide complete liquidity on closing. Ultimately, every situation is different, and we pride ourselves on being a nimble, flexible team that will work collaboratively with business owners to find solutions that work for all parties.

Situations where Oakridge’s principals can step in to bolster an existing management team. In recent history, this has involved introducing a true business development function, as well as change agent for improving systems, policies and procedures.

Financials & Structure

History of profitability and positive cash flow.

Minimum annual EBITDA of $2.0 million for any platform investment, with operating margins greater than 10%. No minimum EBITDA requirement for bolt-on acquisitions.

Transaction value up to $40 million.

Ability to acquire a controlling interest, either upfront or over time.

Ability to support a modest amount of debt, though debt will not be the primary “lever” we’ll rely on to drive returns for our investors.

Business & Operations

Strong management team with a passion for the business.

Sustainable competitive advantage / defensible market position.

Attractive growth prospects.

Low-to-moderate capital intensity.

Market & Industry

Headquartered in Canada.

Niche and/or fragmented market with positive fundamentals.

Stable regulatory environment.

Low technological risk.

Manageable working capital requirements.

Christopher Palmer

Before Oakridge, Christopher worked in Merrill Lynch Canada’s investment banking division where he executed large M&A transactions, capital raisings, defense advisory assignments and, importantly, played a key role in mentoring and coaching junior team members.

Christopher graduated from the Richard Ivey School of Business (class of 2006) at the University of Western Ontario with an Honours Business Administration Degree, with distinction.

Christopher resides in Toronto with his wife and three children. They enjoy staying active together, specifically hiking the Bruce Peninsula and enjoying the shores of Lake Huron.

Daniel Palmer

Nathan Snowie

Before joining Oakridge, Nathan spent 15 years with an international financial services firm providing M&A services to both lower mid-market business owners and large, professionally managed businesses, where he successfully completed more than 40 transactions.

After 12 years in Toronto, Nathan now lives on Prince Edward Island with his wife and two children. When not at work, he can usually be found at the rink, the soccer field, or the golf course.